Category: Gold & Silver
The analysis published under this category are as follows.
Wednesday, December 31, 2008
Gold Shines Following Feds Fight Against Deflation / Commodities / Gold & Silver
By: Money_Morning
Don Miller writes: The currency markets reaction to the Federal Reserve's recent interest rate cuts has ignited a rally in gold, as investors weigh the benefits of owning the yellow metal versus U.S. Treasuries and the dollar. Read full article... Read full article...
Wednesday, December 31, 2008
Stocks Suffer Record Loss for 2008 Whilst Gold Gains / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION slipped into the New Year's shutdown on Wednesday, ending 2008 a little shy of 3% above the close of 2007 for US investors at $865 an ounce.Read full article... Read full article...
Tuesday, December 30, 2008
U.S. Government Sanctioned Gold Price Manipulation / Commodities / Gold & Silver
By: Rob_Kirby
The Office of the Comptroller of the Currency just released its Q3/08 Quarterly Derivatives Fact Sheet today. Here is one of the highlights:
Take a look at J.P. Morgan's gold derivatives [futures] position, paying particular attention to how the < 1 yr. position changed from the end of Q2/08 to the end of Q3/08:
Read full article... Read full article...
Tuesday, December 30, 2008
Central Banks Fight to Prevent Hyperinflation by Manipulating Gold Price / Commodities / Gold & Silver
By: Rob_Kirby
The global gold trade – or at least its price discovery – is historically and primarily conducted on major exchanges; primarily at the London Bullion Market Association [LBMA] and to a lesser extent the New York Commodities Exchange [COMEX]. Read full article... Read full article...
Tuesday, December 30, 2008
Gold Investors Ending 2008 in Profit / Commodities / Gold & Silver
By: Adrian_Ash
THE WHOLESALE PRICE OF PHYSICAL GOLD slipped in London on Tuesday, retreating 2% from yesterday's early 11-week high to trade at $871 an ounce.
World stock markets rose and crude oil fell in thin holiday trade. Bond prices pushed higher again, driving yields still further below inflation.
Read full article... Read full article...
Friday, December 26, 2008
Gold Secular Bull Market Investing Fundamentals / Commodities / Gold & Silver
By: Zeal_LLC
Gold belongs in every investor's portfolio. It is totally unique among financial assets, a physical metal commanding timeless and universal intrinsic value. It is a rock of stability in a chaotic world, a stark contrast to the complex web of mere promises to pay that is our modern faith-based financial system. Without gold, true diversification and protection from systemic risk is impossible.
Gold's fundamentals are dazzlingly bullish. Like everything else on the planet that is freely bought and sold, gold's price today and in the future is a direct function of its supply and demand. As long as its global demand exceeds its global supply on balance, gold's price will continue powering higher in its secular bull. While it has already come far from its humble beginnings in the $250s in April 2001, it has a long way to run yet.
Read full article... Read full article...
Friday, December 26, 2008
Silver and Gold More Than Just A Christmas Carol / Commodities / Gold & Silver
By: Oxbury_Research
Silver and gold, silver and gold
Ev’ryone wishes for silver and gold
How do you measure its worth?
Just by the pleasure it gives here on earth
... or so goes the well-known Christmas carol you've probably heard several times already during this holiday season. But aside from the decorations in your home and office, how much gold do you actually own right now in your portfolio?
Read full article... Read full article...
Wednesday, December 24, 2008
Gold Trends Lower as Financial Markets Shutdown for Christmas / Commodities / Gold & Silver
By: Andy_Sutton
SPOT GOLD slipped into London's long Christmas break on Wednesday but held inside a tight range, dropping $5 an ounce at the AM Gold Fix of $836.75 as world stock markets also fell in thin holiday trade.The London Bullion market – center of the world's wholesale dealing – is now closed until Monday 29th Dec. European stock markets, like New York, close at lunchtime.
Read full article... Read full article...
Monday, December 22, 2008
Inflation or Deflation, Look to Gold for the Answer / Commodities / Gold & Silver
By: David_Vaughn
Our world is becoming ever more a dangerous place to live. Now, our own president cannot carry out his duty without having to swerve to avoid a thrown shoe. But, wow, did it leave his hair disheveled. Needs a haircut anyway. Too long and shaggy. George, look out for those thrown shoes! But what about that debate over who will take precedence…deflation or inflation?Read full article... Read full article...
Saturday, December 20, 2008
Gold Backwardation Forward Thinking / Commodities / Gold & Silver
By: Professor_Emeritus
In an earlier article Backward Thinking on Backwardation I explained that backwardation in gold is the flipside of the phenomenon of a drastic contraction of world trade and employment. This brings out the danger in denying the fact of gold backwardation or to belittle its significance, as most observers seem to be doing. I am reminded of the saying of the Swiss educator F.W. Foerster: "if you don't use your eyes for seeing, later you will use them for weeping." In this article I want to enumerate the reasons why I believe that permanent backwardation in gold would bring about the descent of our civilization into lawlessness similar to that following the collapse of the Western Roman Empire. Read full article... Read full article...
Saturday, December 20, 2008
Gold's Inverse Relationship to the U.S. Dollar / Commodities / Gold & Silver
By: Merv_Burak
As the U.S. $ Index and the price of gold bullion seem to be moving in opposite directions one wonders once more who is leading and who is following (albeit in opposite direction)? More importantly, where is each going? Read full article... Read full article...
Saturday, December 20, 2008
Physical Silver- Where is it? / Commodities / Gold & Silver
By: David_Morgan
I received a phone call from Tarek Saab, a former finalist on Donald Trump's television show, The Apprentice . At first I was a bit suspicious because, believe it or not, there are a few flakes floating around the gold and silver arena, and having someone claim to be associated with The Donald did send up warning flags. I must state, however, that perhaps to an outsider, all gold and silver bugs probably seem nuts!Read full article... Read full article...
Saturday, December 20, 2008
The Future of Silver- TELEPATHIC interview with Adam Smith / Commodities / Gold & Silver
By: Robert_Singer
Robert Singer, recently proclaimed a Junior Mogambo Ranger (JMR) interviews Adam Smith, telepathically. I got out my new Matrix Mind-ray Scanner, delivered before The Sharper Image and our way of life filed for bankruptcy and Googled “who is the founding father of economics”. Results: Richard Cantillon, Alexander Hamilton and Adam Smith. I never heard of Cantillion and Hamilton is the father of Crony Capitalism. I selected Adam Smith and set the device on “Interview” and typedRead full article... Read full article...
Friday, December 19, 2008
Massive U.S. Dollar Devaluation Against Gold During 2009 / Commodities / Gold & Silver
By: John_Browne
The Federal Reserve estimates that in the past year losses in real estate, stocks and mortgages have sucked out some $7.2 trillion of wealth from the U.S. economy. Some are now putting the figure at $20 trillion. A massive recession is starting and will likely spread throughout much of the world. These forces have exerted their classic strong downward pressure on the price of gold.Read full article... Read full article...
Friday, December 19, 2008
Gold Stock Vs Paper Fiat Asset Valuations / Commodities / Gold & Silver
By: Adrian_Ash
"...Yes, the numbers of rough. But people choose gold when paper collapses in value..."
RUNNING into YEAR-END 2008 with a hatful of fears, losses, hope and questions?
Read full article... Read full article...
Friday, December 19, 2008
Analysis of the Relationship Between Gold and Crude Oil Price Trend / Commodities / Gold & Silver
By: John_Lee
As I toured around the world to talk about the merits of gold during the last several years, the same question was posed to me over and over again
"John, oil is $80, $100, $150 a barrel, why hasn't gold lived up to its reputation as a hedge against inflation?"
Read full article... Read full article...
Friday, December 19, 2008
Gold 2009 Trend Unknown Due to Global Deflation and ZIRP / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of gold tumbled in Asia and London on Friday morning, sliding $42 from yesterday's top – and cutting this week's gains by four-fifths to 1.5% – as stock markets also sank despite fresh rate cuts from the world's No.3 central bank. Read full article... Read full article...
Friday, December 19, 2008
Silver to Outperform Gold During 2009 as World Faces Deflationary Meltdown / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell yesterday on a bounce in the dollar and renewed weakness in the oil and commodity markets. While gold has clearly decoupled from oil and commodities in recent weeks, due to its safe haven currency credentials, oil and the commodities can still effect gold’s performance in the short term. As can weakness in stock markets. Gold trading on the COMEX in the US opening hours has been increasingly correlated with stock markets in recent weeks and months . This correlation with stock markets is however of a short term nature as can clearly be seen in gold’s outperformance of equity markets in recent months and years.Read full article... Read full article...
Thursday, December 18, 2008
Backward Thinking on Gold Futures Backwardation / Commodities / Gold & Silver
By: Professor_Emeritus
On Monday, December 15, backwardation on gold was still in force at an annualized discount rate that narrowed to 1.55% in the December contract, but widened to 0.36% in the February contract. 12,673 contracts remain for tender in December, including an additional 37 contracts since last Friday. The discount on the December futures was 50¢ offered to those owners of physical gold who would transfer the carry to the market for the remaining 14 in December, or 60¢ for the 72 days deferred delivery for the February contract. Read full article... Read full article...
Thursday, December 18, 2008
High Silver Premiums and Comex Delivery / Commodities / Gold & Silver
By: Roland_Watson
This article is intended as a follow up to the large number of emails I received after my article on high premiums on retail bullion silver. Needless to say, not everyone was in agreement with me and that was the majority! But first, I was in contact with a large bullion provider in London with whom I have dealt with in the past. Like other dealers they have experienced high demand and they too have had to put the "Sold Out" sign on silver bar products. I put the obvious question to them, " Is this a silver shortage? " to which he replied " Don't believe the hype! ". Read full article... Read full article...
Thursday, December 18, 2008
Gold Rally Continues as Bonds Fall to Record Lows / Commodities / Gold & Silver
By: Adrian_Ash
SPOT WHOLESALE GOLD PRICES continued to rise early in London on Thursday, recording the best AM Gold Fix in 10 weeks as European stock markets stalled and government bonds leapt yet again, squashing UK gilt yields to new record lows.Read full article... Read full article...
Thursday, December 18, 2008
Gold the Ultimate Safehaven as U.S. Dollar Crashes / Commodities / Gold & Silver
By: Mark_OByrne
Gold’s safe haven credentials have been reaffirmed in recent days as the dollar’s safe haven appeal is increasingly being questioned (see News and Commentary section of homepage). The scale and speed of the decline of the dollar (and to a lesser extent sterling) in recent days is unprecedented.Read full article... Read full article...
Thursday, December 18, 2008
Bernanke's Quantitative Easing Good for Gold and Silver / Commodities / Gold & Silver
By: HRA_Advisory
So, it comes to this. The Fed announced the most anticipated rate cut in history; though some didn't expect 75-100 bps based on the ecstasy on Wall St after the announcement. This move brings the Fed to the end of Stage One in its battle to save the world from the aftereffects of the credit bubble. The Fed can't cut rates any farther and, based on where short term Treasuries have been trading lately, this move just made official what the market had already priced in. A big upward move in the main US equity indices notwithstanding this was hardly a shocker. The other group that reacted with equal vigor was the currency traders. Read full article... Read full article...
Wednesday, December 17, 2008
Gold Alert Next Stop $1000 and Gold Stocks to Outperform Bullion / Commodities / Gold & Silver
By: Julian_DW_Phillips
Gold has now entered the next and major leg of the long-term gold bull market after correcting down from $1,035. We believe it is now targeting $1,000, initially . This will be achieved with pullbacks and periods of consolidation.Read full article... Read full article...
Wednesday, December 17, 2008
Gold and Gold Stocks 2009 Boost from Central Bank Quantitative Easing Measures / Commodities / Gold & Silver
By: Christopher_Laird
The US Fed just cut its Fed Funds target to 0 to .25% and is also likely to use other means to lower interest rates in the US such as buying long term US Treasuries and other bonds directly. The rationale is that merely lowering the Fed Funds rates is not finding its way into credit markets because lenders still don't want to lend. Read full article... Read full article...
Wednesday, December 17, 2008
Investors Dump Dollars for Gold Physical Metal / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET held inside a tight $10 range early Wednesday after jumping to a nine-week high of $860 per ounce overnight after the US Federal Reserve chose the nuclear-option of zero interest rates.With US Dollars effectively free to borrow in New York's bank-to-bank market (they already cost just 0.13% last week), crude oil rose back above $45 per barrel on expectations of a major cut to Opec output quotas later today.
Read full article... Read full article...
Wednesday, December 17, 2008
Gold Spikes Higher on Unprecedented Fed Interest Rate Cut Low / Commodities / Gold & Silver
By: Mark_OByrne
The surprise move by the Fed to lower the Fed funds rate by more than 75 basis points to a record low and an unprecedented band between 0.25% and 0% led to sharp falls in the dollar (low of 1.4188 to the euro) and a spike in the gold price to over $859.40/oz.Read full article... Read full article...
Tuesday, December 16, 2008
U.S. Interest Rate Cuts to Drive Gold Bull Market During 2009 / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF WHOLESALE GOLD slipped lower early in London on Tuesday, recording the best Gold Fix in two months at $833.50 an ounce but trading 1% below Monday's top in the spot market.Tokyo stocks ended the day 1% down, while London shares held flat. The US Dollar regained one of yesterday's four-cent losses vs. the Euro.
Read full article... Read full article...
Tuesday, December 16, 2008
Gold Strong Bull Market Fundamentals / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose again yesterday and the dollar fell sharply in anticipation of the Federal Reserve further slashing interest rates to record lows of 0.5% today.Read full article... Read full article...
Monday, December 15, 2008
Gold Facing Comex Delivery Squeeze as Traders Fear Counterparty Risks / Commodities / Gold & Silver
By: Mark_OByrne
Gold rallied sharply last week and was up nearly 9% despite continuing uncertainty and a very mixed performance in stock markets. The US dollar index fell some 4% on the week and it looks increasingly likely that the dollar may have topped out and may soon resume its bear market. For the year, gold is now up by more than 4% in dollar terms and by much larger amounts in euros (+11.7%) and pounds (+40.4%). Read full article... Read full article...
Monday, December 15, 2008
Gold Surges as Governments Start Running Out of Ideas / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD BULLION came within $1 of a new two-month high early Monday in London, holding onto last week's 9% jump and recording its best Morning Gold Fix since Oct. 16th for US investors.Crude oil and the Tokyo Nikkei index both jumped more than 5%, but European stock markets gave back their opening gains by lunchtime.
Read full article... Read full article...
Monday, December 15, 2008
Gold and the $8.3 Trillion & Journey to OZ! / Commodities / Gold & Silver
By: David_Vaughn
Well, it has finally happened. USA Today has raised the cost of their daily paper to one dollar. Knew the day was coming. The mining industry continues to suffer along with the rest of the stock market. Definitely a contrarian market now. The availability of credit is now zero and blessed be those companies who have previously stock piled huge wads of cash. They will have the best chance of surviving this market. Read full article... Read full article...
Sunday, December 14, 2008
Gold Backwardation That Shook The World / Commodities / Gold & Silver
By: Professor_Emeritus
On Friday, December 12, backwardation on gold was still in force at an annualized discount rate hovering around 2% in the December contract, and 0.3% in February contract. Many readers have asked me how it is that so many other observers fail to see the backwardation. The discrepancy is due to differences in methodology. Most analysts calculate the basis as the difference between February and December futures prices which gives them a positive reading. They use the December futures price as proxy for the spot price. This is clearly wrong. The December futures price is not the same as the spot price, even though we are in December. Read full article... Read full article...
Sunday, December 14, 2008
Gold Rallies as Precious Metals Stocks Soar / Commodities / Gold & Silver
By: Merv_Burak
A nice weekly move by the metals but boy did the stocks move. Most gold Indices were making gains in the 20% area while the Merv's Spec-Gold Index gained 32.1%. We should not expect gains like this to come along very often but enjoy them when they do. Read full article... Read full article...
Friday, December 12, 2008
Playing U.S. Dollar Weakness and Silver Strength / Commodities / Gold & Silver
By: Mike_Paulenoff
The seven-week sideways coil pattern in the daily chart of the Euro/$
resolved itself to the upside earlier this week. The ability of the Euro/$
to hold Thursday's gains amidst acute overnight weakness in equities is a
very powerful sign of relative strength, and likely that the Euro has
further to climb against the USD -- at least to the 1.3600-1.3700 area next.
This action should be supportive for gold and silver as well.Read full article... Read full article...
Friday, December 12, 2008
Investments Diversification Remains Key to Weathering the Economic Storm / Commodities / Gold & Silver
By: Mark_OByrne
With the economic slowdown and the consequent fall in jewellery sales, jewellers have recently begun touting the merits of jewellery and diamonds as being “investments”. Gold, silver, platinum or palladium rings, bracelets, necklaces and diamonds or other gemstones should not be sold as an investment and it is irresponsible to sell them as such. Read full article... Read full article...
Friday, December 12, 2008
Gold and the Credit Crash / Commodities / Gold & Silver
By: Adrian_Ash
"... To stay ahead of inflation, don't beg for a raise. Just borrow the money instead...!"
The TROUBLE with GOLD...? If you choose to use it as money, then you can only abandon it once. Once done, it's done forever. You can't keep floating the value of cash time and again.
Read full article... Read full article...
Friday, December 12, 2008
More on Gold Backwardation / Commodities / Gold & Silver
By: James_Turk
Over the last few weeks, there have been a lot of articles on the Internet about backwardation, i.e., when the price of commodities for delivery today is higher than the price of commodities for delivery in the future. Like nearly all the things on the Internet, most of what was written is useful, but some of it is total rubbish, and it takes time to sort through to find the gems from the rest. I offer the following in the hope that it clears up some of the confusion that has arisen about backwardation as well as to provide some insight into today's gold market. Read full article... Read full article...
Friday, December 12, 2008
Junk Silver or Junk Bonds / Commodities / Gold & Silver
By: David_Morgan
Junk Silver - “Junk silver” and “junk bags” are terms that refer to $1000 in U.S. coinage— dimes, quarters, or half dollars minted 1964 or earlier; commonly known junk bags consist of 90% silver. Junk bags of silver dollars are sold separately and have always held a higher premium. Read full article... Read full article...
Friday, December 12, 2008
An Overview of Gold and the Banking System / Commodities / Gold & Silver
By: Julian_DW_Phillips
The $ has started to tumble and the gold price has positively turned. Meanwhile investors are not staring into the abyss quite as much. With interest rates tumbling across the globe, the world's central bankers are acting in concert, clearly in hopes that foreign exchange rates will steady. At the same time, the global economy and the nations that make it up are all stimulating their economies. Read full article... Read full article...
Friday, December 12, 2008
Gold Rises as Central Bankers Choose Inflation Solution / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF WHOLESALE GOLD held inside a tight $10 range early in London on Friday, nearing the week-end almost 8% above last week's close for US investors.World stock markets sank, meantime, losing 5.5% in Tokyo and dropping 5% in Paris, after the US Senate killed a $14 billion bail-out of America's "Big Three" auto-makers.
Read full article... Read full article...
Friday, December 12, 2008
Silver, But No Silver Lining / Commodities / Gold & Silver
By: Robert_Singer
The end of our consumer society is on the horizon, which should be no surprise to anyone who took Economics 101. Do we really expect to spend our way out of this mess by buying and selling each other useless cheap stuff from China ?
As the financial collapse gathers steam, gold and silver oracles like Butler , Friedman, Morgan and Turk who have been predicting for years the launch of the price of silver to the moon will see their prophecy fulfilled, but a celebration is not in order.
Read full article... Read full article...
Thursday, December 11, 2008
Gold and Gold Stocks to Soar During 2009 / Commodities / Gold & Silver
By: Christopher_Laird
Here we discuss why gold will recover in 2009, and why gold is resisting the massive deleveraging in all markets better than most anything. Even though gold and the gold stocks especially have taken a hit, we expect them to recover significantly in 09. Here is why.
Overview of credit crisis and efforts to combat it
Read full article... Read full article...
Thursday, December 11, 2008
Gold Soars as Governments Attempt to Reboot the Credit Bubble / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF WHOLESALE INVESTMENT GOLD continued to rise in Asia and London early Thursday, breaking an 8-week high at $834 an ounce, gaining against all major currencies, and reaching new all-time highs for British investors – now suffering the worst Sterling Crisis in 32 years – above £552. Read full article... Read full article...
Thursday, December 11, 2008
Gold Rallies Sharply as Fiat Currencies Money Printing Gathers Pace / Commodities / Gold & Silver
By: Mark_OByrne
Gold rallied sharply yesterday, for the third day in a row, on higher oil prices and a weakening dollar. Risk aversion remains the prevailing force in markets as seen in collapsing Treasury yields and shortages of physical bullion and backwardation in the gold market.Read full article... Read full article...
Wednesday, December 10, 2008
Mish Response to Antal Gold Fever / Commodities / Gold & Silver
By: Mike_Shedlock
Antal E. Fekete is writing There Is No Fever Like Gold Fever . Before I reply I want to thank Antal for not taking my post Nonsense About Gold Backwardation, Ameros,Yuan Devaluations, etc. as a personal attack. It certainly was not meant to be.
Read full article... Read full article...
Wednesday, December 10, 2008
Gold Backwardation Resulting Gold Fever / Commodities / Gold & Silver
By: Professor_Emeritus
Here is an update on the backwardation in gold that started on December 2 at an annualized discount rate of 1.98% and 0.14% to spot in the December and February contracts. It continued and worsened on December 8, 9, and 10 as shown by the corresponding rates widening to 3.5% and 0.65%. It is nothing short of awesome. This is a premonition of a coming gold fever of unprecedented dimensions that will overwhelm the world as soon as its significance is fully digested by the doubting Thomases. Read full article... Read full article...
Wednesday, December 10, 2008
Gold Soars in Sterling as Bank of England Hits Panic Button / Commodities / Gold & Silver
By: Adrian_Ash
"...For UK investors choosing to Buy Gold in 2008, the metal discharged itself without a word of complaint..."WITH THE BANK OF ENGLAND hitting the panic button, slashing the returns-paid-to-UK-savers down to three-century lows at the start of December, the clear winners from its campaign to reboot the bubble so far have been gold investors stuck with Pounds to earn and Pounds to spend.
Read full article... Read full article...
Wednesday, December 10, 2008
Gold- How to Make Cycles Work in Your Favor / Commodities / Gold & Silver
By: Peter_Degraaf
Our lives consist of and are controlled by cycles. From the 1 second heartbeat cycle, to the 1,000 year millennium cycle and many other cycles in between, we live and die within cycles. The ‘ three score and ten' human cycle is simply a part of it all.
King Solomon understood cycles:
Read full article... Read full article...
Wednesday, December 10, 2008
Gold Rallies as Bond Yields Go to Zero / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD rose steadily throughout early London trade Wednesday, reaching a one-week high above $792 per ounce as strong gains in Asian equities faded on Europe's bourses.
As the Wall Street opening drew near, the FTSE100 index stood just 0.3% higher, while the Gold Price in Sterling reached £534 an ounce, almost 3% above Tuesday's low.
Read full article... Read full article...
Wednesday, December 10, 2008
Gold Rallies as Deflation Now is Set to Turn to Inflation Later / Commodities / Gold & Silver
By: Mark_OByrne
Gold rallied for a second day yesterday on concerns regarding the deepening US recession and the dollar. Gold has continued to rally in Asian and early European trading. The bounce in oil prices is likely lending support as is continuing robust physical demand internationally. Asian equity markets were largely positive overnight but European ones are again under pressure this morning.Read full article... Read full article...
Tuesday, December 09, 2008
Gold Attempting Thrust Out of Bull Flag Pattern / Commodities / Gold & Silver
By: Mike_Paulenoff
As we speak, the SPDR Gold Shares (NYSE: GLD) is attempting to thrust out of a two-day bull flag type of formation, which represents the digestion period in the aftermath of yesterday's potent upmove from Friday's low at 72.91 to 77.03. If the bull flag resolves itself to the upside, then the GLD should climb towards a test of yesterday's high at 77.03 -- likely on the way to a test of more important resistance along the 11/25 down trendline -- now at 77.25. Only a break beneath today's pullback low at 75.08 will compromise the near-term technical set-up.Read full article... Read full article...
Tuesday, December 09, 2008
Gold Retail Buyers Face Physical Supply Shortages / Commodities / Gold & Silver
By: Adrian_Ash
Retail Gold Buyers Still Face Shortages, High Mark-Ups as Global Credit & Lending Collapse; Central Banks Prepare "Money Flood"
THE PRICE OF GOLD in the world's professional wholesale market held inside a tight $10 range early Tuesday in London, drifting up from $768 an ounce as global equities rose for the third session running.
Read full article... Read full article...
Tuesday, December 09, 2008
Gold Rallies Following Sharp Drop in South African Gold Production / Commodities / Gold & Silver
By: Mark_OByrne
After falling sharply last week, gold rallied yesterday on the back of a weaker dollar, higher oil (Light Sweet Crude Oil Future - Combined - JAN09 is up more than 6% yesterday after falling an incredible 25% last week) and commodity prices and the Obama fiscal stimulus package.Read full article... Read full article...
Tuesday, December 09, 2008
Silver Shines as Broad Financial Markets Face Meltdown / Commodities / Gold & Silver
By: Chris_Vermeulen
Gold & Silver Outlook: Gold and silver closed lower on Friday. Gold had a long lower wick which generally indicates a small one or 2 day bounce could occur early next week and we got that today.Read full article... Read full article...
Tuesday, December 09, 2008
Gold and the Last Contango in Washington? / Commodities / Gold & Silver
By: Professor_Emeritus
Here is an update on the backwardation in gold that started on December 2. It continued and worsened on December 3, 4, and 5. So far this is the most serious signal of the economic crisis: the world is rushing headlong into a Great Depression, possibly worse than that of the 1930's. Please remember the following analogy: the serial devaluation of currencies starting with that of the British pound in 1931 meant a drastic drop in the velocity of gold circulation.Read full article... Read full article...
Monday, December 08, 2008
Gold Backwardation Crisis: Seperating Facts from Fiction / Commodities / Gold & Silver
By: Rob_Kirby
An important piece of academic research was published last week [ Dec. 5, 2008 ] by Professor Antal Fekete, titled, Red Alert: Gold Backwardation!!! In this article, Professor Fekete reasoned that Dec. 2, 2008 was a landmark date in the saga of the collapsing international monetary system;
“on December 2 nd , at the Comex in New York , December gold futures (last delivery: December 31) were quoted at 1.98% discount to spot, while February gold futures (last delivery: February 27, 2009 ) were quoted at 0.14% discount to spot. (All percentages annualized.) The condition got worse on December 3 rd , when the corresponding figures were 2% and 0.29%. This means that the gold basis has turned negative, and the condition of backwardation persisted for at least 48 hours.”
Read full article... Read full article...
Monday, December 08, 2008
End of U.S. Dollars False Rally to Drive Gold Sharply Higher / Commodities / Gold & Silver
By: Ned_W_Schmidt
Perhaps the greatest gift we all could receive in the coming season of year end holidays would be the final demise of the hedge fund industry. While that might not happen, we might have to settle for the end of the U.S. dollar's false rally. Before going into that though, one question. If these funds are hedged, how come they have been losing so much money? Read full article... Read full article...
Monday, December 08, 2008
Gold Jumps on Obama Infrastructure Rebuilding Plan / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD eased back from a sharp 2.8% gain for Dollar investors early in London on Monday, trading flat against Sterling and Euros after US president-elect Obama promised to "jump start" the economy with huge government spending and debt.Read full article... Read full article...
Monday, December 08, 2008
Backwardization Of Gold And The Upwardization Of Gold And Silver Prices / Commodities / Gold & Silver
By: Darryl_R_Schoon
Systemic crises are caused by the inability of systems to respond to stress. When systems can no longer adequately respond, systemic collapse ensues. We are currently witness to the end of a system of paper money based on credit and debt, a system now in the final stages of collapse. Read full article... Read full article...
Sunday, December 07, 2008
Gold Bullish Breakout Takes a Bearish Knock / Commodities / Gold & Silver
By: Merv_Burak
Okay. So maybe we're not yet in a roaring new bull market. The next level to watch would be the $700 level, if it gets that low.
GOLD LONG TERM - It's instructive to every once in a while take a look at a long term chart to see where we came from and maybe get a better idea as to where we might be going. I have two long term charts (other than P&F) that I usually show. This is my normal chart, one that I use in my weekly analysis. The other one differs in that it is more of a very long term chart and includes longer term indicators and moving averages.
Read full article... Read full article...
Saturday, December 06, 2008
David Morgan Silver Investing Questions and Answers / Commodities / Gold & Silver
By: David_Morgan
The well-traveled and prolific David Morgan has contributed to Northwest Territorial Mint Precious Metals Monthly in the past and has achieved recognition for his insights into the silver market and investing in general. As a follower of the silver market for more than 30 years, he is the author of Get the Skinny on Silver Investing , and his Web site, www.silver-investor.com , is a leading source for serious investors.Read full article... Read full article...
Saturday, December 06, 2008
Taking Physical Delivery of Silver and Gold from COMEX / Commodities / Gold & Silver
By: Submissions
A Memorable Delivery Experience - For those who remember, I wrote a letter asking about taking delivery from the COMEX. Well I would like to tell you about a very educational experience. Recently, we took a delivery from the COMEX. The process was a bit cumbersome but very enlightening. First, I would like to say that the process of dealing with the custodians was very professional. However, let me begin my story of amazement.
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Saturday, December 06, 2008
Gold Red Alert- Gold Price Backwardation first time in History! / Commodities / Gold & Silver
By: Professor_Emeritus
December 2, 2008, was a landmark in the saga of the collapsing international monetary system, yet it did not deserve to be reported in the press: gold went to backwardation for the first time ever in history. The facts are as follows: on December 2nd, at the Comex in New York, December gold futures (last delivery: December 31) were quoted at 1.98% discount to spot, while February gold futures (last delivery: February 27, 2009) were quoted at 0.14% discount to spot. (All percentages annualized.) The condition got worse on December 3rd, when the corresponding figures were 2% and 0.29%. This means that the gold basis has turned negative, and the condition of backwardation persisted for at least 48 hours. I am writing this in the wee hours of December 4th, when trading of gold futures has not yet started in New York. Read full article... Read full article...
Saturday, December 06, 2008
Central Banks Gold Reserve Actions Key to Gold Price Trend / Commodities / Gold & Silver
By: Julian_DW_Phillips
From 1980 right through to 1999, the gold market had the possibility of enormous central bank gold sales hanging over the gold market. Central banks did nothing to remove this impression but led the market to believe that it was likely. Their purpose was to ensure gold did not challenge the paper money markets. In 1971, President Nixon had cut the link between gold and money but removed the ability of U.S. $ holders to change their dollars into gold. This left the $ and all other currencies without any backing except the promise from central banks to change paper dollars into paper dollars. This would not have worked nearly so well had the U.S. not had the power to ensure that the oil market was bound to use only U.S. dollars as payment for oil.Read full article... Read full article...
Friday, December 05, 2008
Real Interest Rates and the Gold Price / Commodities / Gold & Silver
By: Zeal_LLC
It's been a tough year for gold investors. Instead of soaring during the great fear and uncertainty of the global financial panic as most gold investors expected, gold got caught up in the selling. Thus it is down 7.3% year-to-date. This is far-better performance than virtually everything else, especially the S&P 500's 40.7% YTD loss. Nevertheless, the lack of a flight to gold in such dire conditions remains disappointing. Read full article... Read full article...
Friday, December 05, 2008
Gold and the End of an Era in the Global Capitalist Economy / Commodities / Gold & Silver
By: Adrian_Ash
"...'What is economics?' an economics professor asks. 'Scarcity' comes the school-children's answer..."
SO WE'RE LIVING through the end of something. Something important and ugly. Everyone seems agreed on that.
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Friday, December 05, 2008
Gold Slumps on Half a Million U.S. Job Losses / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD gave back a tepid rally early in London on Friday before slumping to fresh two-week lows at $750 an ounce on news of a huge jump in US unemployment.More than half-a-million Americans lost their jobs last month, reported the Bureau of Labor Studies. Wall Street analysts had been expecting 325,000 job losses.
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Thursday, December 04, 2008
Euro Rockets and U.S. Dollar Pops Gold / Commodities / Gold & Silver
By: Mike_Paulenoff
The upside reversal in EURUSD today has popped the streetTRACKS Gold Shares (NYSE: GLD) to an intraday high at 77.63, which if nothing else has put some distance between the price structure and key near-term support at the December low of 75.10/05. Prices have pulled back to 75.88 even though EURUSD has held its gains, which means that gold prices remain heavily influenced by the continual selling pressure across the commodity complex in general -- and in oil, in particular. Oil prices have plunged to new lows at $44.52, the lowest level since February 2005 and at the top of a support band that stretches across major highs going back to September 2000.Read full article... Read full article...
Thursday, December 04, 2008
Gold Unmoved by Historic Interest Rate Cuts in Europe / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD Gold Prices held in a tight $10 range in Asia and London on Thursday, unmoved by historic interest-rate cuts across Europe that buoyed French and German equities as returns-to-cash sank.The European Central Bank (ECB) lopped 75-basis points off the cost of borrowing Euros, but held above the previous 2003 low of 2.0%, with its largest ever one-day reduction.
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Wednesday, December 03, 2008
Gold Market "Illiquid" as Zero Interest Rates Loom / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD for physical delivery slipped back against the Dollar, Euro and Yen early Wednesday in London, but recovered two-thirds of this week's 3.5% drop for UK investors as the Pound tumbled again on the foreign exchanges.On the stock market, Wall Street's strong overnight finish faded in Asia and left European bourses almost 1.5% lower by lunchtime.
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Wednesday, December 03, 2008
Gold Robust Physical Demand / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose nearly 1% yesterday as the dollar gave up some of its gains in recent days. Gold has remained slightly weaker in European trading and this is likely because of continuing dollar strength, particularly against the euro.Read full article... Read full article...
Wednesday, December 03, 2008
Why Investors Pay High Silver Premiums? / Commodities / Gold & Silver
By: Roland_Watson
I was checking out a new facility by Eric LeMaire which lists the latest eBay prices for gold and silver as well as some common numismaticals from decades past. You can see the statistics at this link . What struck me were the huge premiums that silver investors are prepared to pay for one ounce coins right up to 100 oz bars. At a glance I could see an average premium of 124% for American Silver Eagles, 164% for Kookaburras and 105% for Maples. More sane premiums can be seen on the 100 oz at 35% which is nevertheless still a hefty premium compared to how much one may pay for other asset classes. Read full article... Read full article...
Tuesday, December 02, 2008
Comex Gold Shock and Awe / Commodities / Gold & Silver
By: Rob_Kirby
This past Friday, Nov. 28, 2008, was first notice day for delivery of the December COMEX [a division of NYMEX] gold and silver futures contracts which trade on the New York Mercantile Exchange. The chart appended below shows that on Friday, 8,600 gold futures contracts @ 100 ounces per contract [and 3,040 silver futures contracts @ 5,000 ounces per contract] were delivered. To try to give some perspective to these numbers the previous delivery month for gold futures was October, 2008 when there were 11,554 deliveries for the entire month – a “big” number by historical standards. Read full article... Read full article...
Tuesday, December 02, 2008
Gold and Stocks Bounce after Yesterdays Slide / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF PHYSICAL GOLD bounced $13 per ounce from a new 7-session low early Tuesday, while world stock markets found their floor almost 15% below the start of last month.Recording an AM Gold Fix here in London of $772.50, the Gold Price stood 5% below last week's peaks vs. the Dollar and Euro as well as Sterling.
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Tuesday, December 02, 2008
Gold Crashes by 5% But Posts Strong Annual Gain in Sterling / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell sharply yesterday and gave up some of its recent gains. Gold for February delivery dropped $42.20 to end at $776.80 an ounce or 5.4% on the New York Mercantile Exchange. The sell off begin in Asia on sharply lower oil prices and continuing dollar strength but continued as European and US stock markets again fell sharply. Read full article... Read full article...
Tuesday, December 02, 2008
Citigroup Predicts Gold 2000 in 2009 / Commodities / Gold & Silver
By: David_Vaughn
The horror of this financial crisis continues to grow.
The debate continues over bailing out the auto industry. What do you think? If a bailout occurs it will only be the first in a never ending line of industries seeking help. The world is now quickly changing and moving with a determined force we have not witnessed in our generation or the generation before.
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Monday, December 01, 2008
Gold Corrects After Novembers Surge as Dollar Strengthens / Commodities / Gold & Silver
By: Adrian_Ash
WHOLESALE GOLD PRICES fell sharply in Asia and London on Monday, dropping 3.2% from Friday's best weekly close in eight and falling below $791 an ounce.The six-day rally in global stock markets also stalled on a fresh surge in the US Dollar and Japanese Yen.
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Monday, December 01, 2008
Gold Holding above Important $800 Support Level / Commodities / Gold & Silver
By: Mark_OByrne
In thin holiday trading, gold rose 1% on Friday closing above the important $800/oz mark for a gain of 3.1% for the week – its third week in a row of gains. It was up 14% for the month of November which was its largest monthly gain in more than 9 years.Read full article... Read full article...
Sunday, November 30, 2008
Gold Breakout, Re-run of September Price Action? / Commodities / Gold & Silver
By: Merv_Burak
Is this September all over again, a sharp couple day rally and then a more casual topping out and decline? This time the rally didn't even come close to the 200 day moving average line which has now turned to the down side. But who knows, maybe this time it's different.
GOLD : LONG TERM As mentioned last week the long term P&F chart, although showing a valid upside (bullish) break-out, is still a weak break and projects only to the top of the Sept-Oct highs. That does not make for a strong long term reversal. Other than an extra X during the latest move the P&F remains as it was last week.
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Sunday, November 30, 2008
Precious Metals Scene In Europe / Commodities / Gold & Silver
By: David_Morgan
During my recent trip to Europe we visited four main cities: London, Paris, Zurich, and Munich. My impression of each location varied, in relation to the current global economic climate and how the precious metals are behaving. Read full article... Read full article...
Saturday, November 29, 2008
Gold Solid Bull Market Uptrend in 2009 / Commodities / Gold & Silver
By: Julian_DW_Phillips
Money authorities around the world will not stop stimulating economies, printing money and doing whatever it takes until growth and confidence are restored to the bright days prior to July 2009. And this will be done even if the cost is high inflation, for better inflation than savage deflation! Read full article... Read full article...
Friday, November 28, 2008
Gold Near Record Price Rise on Deflation Scare / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD continued to hold steady early Friday in London, nearing its fourth weekly gain in succession vs. the Dollar and standing more than 11% higher from the start of November.Read full article... Read full article...
Friday, November 28, 2008
Gold Demand Dynamics Change due to Growing Geopolitical Instability / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver were flat yesterday and have remained unchanged in Asian and early European trading. Gold is set for a fourth straight week of gains on safe haven demand and on the likelihood of further dollar declines with further reductions in U.S. and international interest rates and further quantitative easing next month.Read full article... Read full article...
Thursday, November 27, 2008
Gold Holds Flat as Stock Markets Rise / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD held flat for US and European buyers early Thursday, recording an AM Fix in London of $813.50 an ounce while world stock markets rose, even as terrorist attacks targeting US and British citizens in Mumbai closed India's stock and commodity exchanges.
US markets will remain closed today for Thanksgiving after gaining 3.5% on Wednesday.
Thursday, November 27, 2008
Gold Heading for $2000 in 2009 / Commodities / Gold & Silver
By: Mark_OByrne
Both gold and silver fell slightly yesterday as the dollar and stock markets rallied on renewed increasing risk appetite. Euro gold and British pound gold remained near record highs of €628 and £532.
Gold has traded sideways in Asian and early European trading despite the horrendous terrorist attacks in India. Unfortunately, they show that the world remains very unstable and that geopolitical risk remains ever present.
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Thursday, November 27, 2008
Silver Production Falls by 70%? / Commodities / Gold & Silver
By: David_Morgan
This headline should grab anyone's attention, especially those interested in the silver market. Before going forward, let me explain that fully 70% of silver is produced as a result of mining other metals, mostly base metals. Copper mining, for example, is responsible for 28% of the silver mined in 2007. Lead/Zinc mining yielded 32% of the silver mined in 2007. Finally, gold mining brought about 10% of the silver mined, again in 2007. All data is from GFMS World Silver Survey 2008, page 31. Read full article... Read full article...
Wednesday, November 26, 2008
Financial Mayhem to Fuel Gold’s Next Surge? / Commodities / Gold & Silver
By: Money_and_Markets
Last week, I wrote about how our oil-rich friends in the Middle East are buying gold hand over fist. It turns out they're not the only ones. The latest figures from the World Gold Council show a frenzy of activity in the most recent quarter.
And gold ended last week with a bullish move to the upside that set off “buy” alarm bells for technical traders around the world.
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Wednesday, November 26, 2008
Gold Strong Bull Market in Pounds and Euro / Commodities / Gold & Silver
By: Mark_OByrne
Gold was largely unchanged yesterday after rallying to as high as $830 and has traded sideways in Asian and early European trading.
Open interest levels in gold and silver on the COMEX have fallen to extremely low levels showing that nearly all the speculative froth has been liquidated and remaining longs are "strong hands". The gold open interest fell a very sharp 5533 contracts to 282,978 which is a new low and low levels such as these usually portend lows in the gold price and subsequent rallies.
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Wednesday, November 26, 2008
Gold Trades Cautiously Whilst Physical Demand Outstrips Supply / Commodities / Gold & Silver
By: Adrian_Ash
SPOT PRICES FOR WHOLESALE GOLD held steady in Asian and early London trade on Wednesday, moving between $811 and $815 an ounce as world stock markets gave back one-fifth of this week's rally to date.Read full article... Read full article...
Wednesday, November 26, 2008
Gold Price Set to Explode Higher on Surging Monetary Inflation / Commodities / Gold & Silver
By: Jim_Willie_CB
The OMEN for a powerful shift in the gold market in my playful mind was the very real earthquake on November 18 here in Costa Rica, a clear signal from the financial gods, no minor tremor, measured at 6.0 on the Richter scale. The tremor confirmed the tectonic shifts to come to the gold market without question. This was the biggest earthquake in my life, no damage at all though, roof and toys intact. Numerous stories testify in aggregate to a severe tightening of the physical market, certain to put pressure on the corrupt paper market managed by the COMEX and its parent NYMEX. Read full article... Read full article...
Tuesday, November 25, 2008
Gold Price Bullish Tendency Over Thanksgiving Holiday / Commodities / Gold & Silver
By: Tim_Iacono
For years now, the Thanksgiving holiday in the U.S. has been a very favorable two-day period for the gold price as shown below - this year is not likely to be an exception.Read full article... Read full article...
Tuesday, November 25, 2008
Investors Dump U.S. Dollars and Fiat Currencies For Gold / Commodities / Gold & Silver
By: Ned_W_Schmidt
The superiority of returns on Gold to investors over the miserable returns on paper equities would seem at some point to become an embarrassment to the purveyors of Stock Certificates of Negative Return. While US$Gold is down from the high, so many other investors, living in other currencies, around the world have witnessed their Gold trading at all time highs. And now the message of financial salvation is spreading further. Stories of shortages of Gold coins are now widespread. Public participation in a market is sign of Wave V, which now may be unfolding.Read full article... Read full article...
Tuesday, November 25, 2008
Gold Safehaven Buying as Governments Throw Money at Failing Economies / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF PHYSICAL GOLD slid almost 2% early in London on Tuesday, recording an AM Fix of $802.50 per ounce before bouncing sharply and moving back above £540 and €635 for British and Eurozone investors respectively.
Crude oil dropped 4% to $52.30 per barrel, while 10-year US Treasury bond yields reversed yesterday's rally to stand back at 3.23%.
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Tuesday, November 25, 2008
A Good Day for Gold and Stock Markets / Commodities / Gold & Silver
By: Mark_OByrne
Gold has given up some of yesterday’s and the last four days gains. Profit taking seems the most likely explanation as the dollar remain largely flat but the weakness in oil may be contributing to gold’s weakness. Continuing unprecedented volatility in markets is leading to further safe haven demand.Read full article... Read full article...
Monday, November 24, 2008
Gold Bullish Breakout as Bull Market Resumes / Commodities / Gold & Silver
By: INO
It has been a difficult time for gold bugs for the past two months as gold has been trapped in a broad trading range which made it seem insulated and immune to all of the financial chaos around it. Today's action on Friday the 21st, put all of that in action to rest as gold soared to trade over the $800 in a matter of hours. This may be the move we've been looking for and coming from a two-month base, it seems large enough to propel this market higher. Read full article... Read full article...
Monday, November 24, 2008
Gold Smashes Through Resistance / Commodities / Gold & Silver
By: Mark_OByrne
In a remarkable week for the yellow metal, strong resistance at $770 last Monday may now be the level of support as Gold rallied on Friday, finishing up $50 on the day, 6% on the week. It is currently trading at $822 (1230 GMT) and a sustained move above $800 could signal an upswing towards the $850 level, again confirming Gold's safe haven demand as stock markets continued to fall sharply amid continuing woes in the US financial sector (as graphically illustrated by Citigroup). Silver could also be about to make a move to the upside. It has been in a downward trendline since the summer but traded up to it that line on Friday and above the trendline today. Silver is currently trading at $10.02 and a close above $9.50 today could be very positive for the price.
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Monday, November 24, 2008
Gold Soars as Government Money Supply and Debt Levels Surge / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD jumped 4% to a new 6-week high early in London on Monday, touching $822 per ounce as Western equities also gained and the US Dollar weakened on the currency market. As the European single currency rose above $1.2700, the Gold Price in Euros held just below €645 an ounce – still its best level since the record spike to €685 of Oct. 10th.
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Monday, November 24, 2008
Gold Price Upside Breakout Whilst Crude Oil Continues to Slide Lower / Commodities / Gold & Silver
By: Chris_Vermeulen
Shining gold prices & gold stocks and slippery Oil prices and energy stocks
Gold prices shot up on Friday as investor's move their money into a safer investment as the broad market continued it crash the day before breaking the October bottom. Once the price of gold climbed over the $760 mark which was a short term resistance level the price shot higher as new buyers jumped in and short covering took place pushing gold to climb $57 in one day which you can see in the chart below.
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Sunday, November 23, 2008
Gold Upside Breakout Projects to $930 / Commodities / Gold & Silver
By: Merv_Burak
WOW! Friday was the best day since mid-Sept. We could use more of them but the Mid-Sept one didn't go very far so I wonder if this one will. One day does not make a reversal. I'd like to see many $10 up days rather than one $50 day. Read full article... Read full article...
Sunday, November 23, 2008
Extreme Silver Price Trends / Commodities / Gold & Silver
By: Roland_Watson
I don't think silver watchers need to be reminded of what has happened to silver in the last 8 months. The only answer they are looking for is when will we see a bottom to this carnage? As I look at my 14 member silver stock index, it has dropped from a high of 8.69 on the 3rd March 2008 to a new low of 1.31 as of last Thursday. That is a drop of 85% - cataclysmic by any standard of investing. Subscribers who followed my lead and exited all silver stocks positions on 31st March were spared this unnecessary suffering.Read full article... Read full article...
Saturday, November 22, 2008
Precious Metals Price Discovery / Commodities / Gold & Silver
By: David_Morgan
During my recent trip to Europe, there were many interesting meetings and conversations. One of the most meaningful was with a good friend and colleague Mr. Eric Lemaire.Read full article... Read full article...
Friday, November 21, 2008
Gold and Silver Bullish Fundamentals- Keep Your Eye on the Prize / Commodities / Gold & Silver
By: Peter_Degraaf
In this fast-moving age, it is so easy to take your eye of the prize. Short-term trends can easily throw one ‘off track'. For every analyst who will tell you a stock or commodity is going up, there is another one who will tell you it is going down in price.
Who to believe?
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Friday, November 21, 2008
Gold the Dumb Metal Beats Overqualified Ex-hedge fund Financial Hacks / Commodities / Gold & Silver
By: Adrian_Ash
"Well, God knows you don't need any brains to buck barley bags..."– John Steinbeck, Of Mice & Men (1937)
ALPHA used to be what hedge-fund managers promised their clients. Better still, portable alpha – defined in the easy bed-time reading of finance MBAs as the "generation of excess return over a benchmark while maintaining the desired asset allocation to traditional market exposures" – offered to meet and beat whatever returns everyone else was making, thus proving the manager's genius and justifying his infamous fees.
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Friday, November 21, 2008
Why Gold Will Rise During Deflation / Commodities / Gold & Silver
By: Julian_DW_Phillips
What deflation really does to an economy -
Deflation is a particularly pernicious economic condition. It is far worse than inflation. Prices decline in deflation. The impact of this is that a person with cash sees the buying power of that cash increase, whereas the owner of assets with declining values sees the cash value of those assets decline. This is the superficial picture. Read full article... Read full article...
Friday, November 21, 2008
Silver in Crisis / Commodities / Gold & Silver
By: Zeal_LLC
The unprecedented financial turmoil plaguing all markets these days is dominating everyone's attention. In a troubled time when the flagship S&P 500 stock index can plunge 30.0% in a single month, it is hard to think about anything else. Thus many smaller markets, like silver, are languishing in relative obscurity.
Silver, an asset which many investors thought would thrive during a financial-market panic, has been scourged mercilessly. After briefly surging above $20 in March, it nonchalantly traded between $16 and $19 or so for the next 5 months. Silver was on top of the world, consolidating high, and all looked well.
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Friday, November 21, 2008
Why Gold Price Has Fallen Despite Record Demand / Commodities / Gold & Silver
By: Money_Morning
Mike Caggeso writes: Having spawned the worst market for stocks since the Great Depression, the global financial crisis is forcing investors to re-examine a number of long-held beliefs. Gold bugs, for instance, have been left to wonder just how gold prices could backpedal in the face of all-time-record demand.
Gold demand did increase – in fact, by a record 45% from the second quarter to the third.
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Friday, November 21, 2008
Gold Safehaven as Stock Markets Plunge to 11 Year Lows / Commodities / Gold & Silver
By: Mark_OByrne
Gold maintains its safe haven status - In an increasingly risk averse environment and in the wake of tumbling commodity markets, gold is maintaining a bid, albeit in a tight trading range with strong resistance at $777 , confirming its status as a safe haven asset. Gold is currently trading at $755 (12:15GMT).Read full article... Read full article...
Friday, November 21, 2008
Gold Jumps on Physical Shortage as Coin Orders are Refused / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD jumped to a one-month high at the US opening on Friday, heading for their third weekly gain on the trot as a rally in Asian stock markets failed to stick in Europe.US equity futures bounced hard after sinking to an 11-year Low on the S&P Index at Thursday's close. Crude oil dipped below $50 per barrel.
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Thursday, November 20, 2008
Silvers Brutal Downtrend Has Run its Course? / Commodities / Gold & Silver
By: Clive_Maund
Even though the brutal downtrend in silver that has slashed its price by about 60% from last July remains in force, there are several important signs that it has probably run its course, and that silver is now basing ahead of renewed advance. On the 6-month chart we can see that even though silver plumbed new lows late in October by a sizeable margin, the MACD indicator bottomed way above its August and September lows, showing that downside momentum was decelerating, and it continued to decelerate with the low last week, when the MACD indicator hardly dropped. The behaviour of this indicator relative to price in the recent past is typical of a bottom. Read full article... Read full article...
Thursday, November 20, 2008
Gold Builds Support as the U.S. Dollar Hits Resistance / Commodities / Gold & Silver
By: Clive_Maund
Gold has remained in a narrowing trading range since the last update late in October, which is looking increasingly like an intermediate base area that will lead to a significant advance. In the last update a relief rally was predicted on the basis that the preceding steep downtrend had exhausted itself, and this is what we saw, although it didn't get very far. About a week ago gold looked like it may be forming a Pennant, implying a drop to new lows, but the lack of follow through on last week's decline and subsequent partial recovery has resulted in the pattern opening out into a Triangle, which is increasing the chances of an upside breakout. Read full article... Read full article...
Thursday, November 20, 2008
More on Gold and the Reflation of Assets / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: Not surprisingly, my Money and Markets column last week about a new monetary system based on an upward revaluation of the price of gold set off quite a buzz all over the world. It was picked up by CBS MarketWatch, The Financial Times , The Market Oracle, and more.
Some Think I'm Crazy, That I've Lost My Mind. No Problem.
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Thursday, November 20, 2008
Gold Safe Haven Status Amid Steep Global Stockmarket Declines / Commodities / Gold & Silver
By: Mark_OByrne
China Considering Diversification into Gold
BEIJING (Dow Jones) - China's central bank is considering raising its gold reserve by 4,000 metric tons from 600 tons to diversify risks brought by the country's huge foreign exchange reserves, the Guangzhou Daily reported, citing unnamed industry people in Hong Kong.
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Thursday, November 20, 2008
Gold and Silver Obvious Price Maniupulation / Commodities / Gold & Silver
By: Richard_J_Greene
Amazingly, while gold and other commodity related stocks continued to be sold off to levels that are at deep discounts to their intrinsic value in October, gold continued to break to new all time highs in most major currencies. On October 9th and 10th gold recorded new all time highs in many currencies including the Euro, the Australian Dollar, British Sterling, the Indian Rupee, the Russian Ruble, the South African Rand and many others. The Dow Jones Industrial Average Stock also recorded a multi decade low in terms of gold. Investors are getting a very much skewed view of gold's performance if they are viewing it in terms of the US Dollar or Yen. These are the two main currencies that have been used as cheap funding sources allowing speculators to take on incredible degrees of leverage to invest in higher yielding assets with much better fundamentals. Read full article... Read full article...
Thursday, November 20, 2008
Gold and Silver Inflation or Deflation Common Sense / Commodities / Gold & Silver
By: Investmentscore.com
We have recently noticed many newsletter writers and commentators who were formerly calling for "Inflation" and are now switching their analysis to the growing popular theory of "Deflation". This very well may be 'The' great debate of our time.
Why is this significant and how does this effect investors?
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Wednesday, November 19, 2008
What's Frightening Saudis and Iranians into Buying Gold? / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brodrick writes: Our oil-rich friends in the Middle East are scared. How do I know? Because they are buying gold like crazy!
First , we got the news that Saudi investors spent $3.47 BILLION on gold in a recent two-week period. On a ratio-to-GDP basis, that's like investors in the U.S. spending $131 BILLION.
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Wednesday, November 19, 2008
To Prevent Financial Shocks, Build a Suspension System for the Gold Wagon / Commodities / Gold & Silver
By: John_Newman
When I drive down the road and hit a pothole, my car's suspension system absorbs the shock. Engineers design suspension systems to reconcile our driving habits automatically to the realities of hard pavement. So it should be with our monetary system.Read full article... Read full article...
Wednesday, November 19, 2008
Gold Trades in Tight Range as Bonds Offer Record Low Returns for Investors / Commodities / Gold & Silver
By: Adrian_Ash
WHOLESALE GOLD BULLION PRICES inside a tight range vs. the world's major currencies early Wednesday, as world stock markets fell for the eighth session in 13 so far this month.The Gold Price in Japanese Yen held unchanged from the start of Nov., while the Tokyo Nikkei index slipped to its worst level since the quarter-century lows of late Oct.
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Tuesday, November 18, 2008
Gold Settles into Contracting Range / Commodities / Gold & Silver
By: Mark_OByrne
Citigroup to cut 52,000 jobsVikram Pandit, the Chief Executive of Citigroup announced yesterday that in a bid to revive their ailing share price, a massive 52,000 jobs would be cut. That's 1 in every 7 employees and slash costs by $10bn. Citi shares have lost more than 75% of their value over the past year and suffered over $50bn in writedowns and credit provisions. An analyst likened Citigroup to a super tanker; turning it around takes a long time.
Tuesday, November 18, 2008
Gold Investors Buy the Dips / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD continued to drift lower in early London trade on Tuesday, holding $10 per ounce below last week's close while European stock markets lost another 2% and crude oil fell towards fresh 21-month lows."Looking forward, we think the need for safe-haven investments will grow," says the latest analysis from Scotia Mocatta, the London-based precious metals dealer, "while at the same time the level of distressed selling may ease.
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Monday, November 17, 2008
Gold Needs to Rise Above $838 to Fullfill Annual Minimum Bull Market Target / Commodities / Gold & Silver
By: Ronald_Rosen
The gold price on the last trading day of 2008 must close higher than the closing gold price on the last trading day of 2007 if the pattern of continuous year to year closing strength is to be maintained. The pattern of the year end closing gold price being higher than the previous years closing gold price has been maintained since the year 2000. The list posted below represents the closing year end gold price for the years 2000 through 2007.Read full article... Read full article...
Monday, November 17, 2008
Smart Money Bullish on Gold Following G20 Meeting / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD traded on the wholesale market reversed an early 0.7% rally vs. the US Dollar on Monday morning, while world stock markets fell for the 7th time in eleven Nov. sessions to date.Both the Euro and Pound Sterling slipped back from an early 1.5% jump vs. the US currency, leaving Gold lower for British and European investors.
Read full article... Read full article...
Sunday, November 16, 2008
Gold Long-term Bearish Projection Targets $480 / Commodities / Gold & Silver
By: Merv_Burak
Gold went sideways while silver went lower. But the story of the week was the action in the stocks. The highest “quality” stocks moved lower by about 7% while the average stock declined by over 11%. Silver stocks did even worse with average declines over the 14% neighborhood. Are we ready for a bottom or is this just a continuation of the bear? Read full article... Read full article...
Sunday, November 16, 2008
US Dollar Bull Run, Gold, XOI, HUI, CBOE Put/Call Ratio / Commodities / Gold & Silver
By: David_Petch
I thought it would be better to present a market roundup rather than just the XOI, given the speed with which the market has moved the past few days. Yesterday saw a dramatic move off the lows, which by my judgement is half way through in the mere span of 3 hours. The S&P is likely to go anywhere from 1000-1050 and since the commodity indices (particularly the XOI) have a similar pattern, all should be watched together for indications of a top. The most critical element for all markets is the inverse relationship they have relative to the US Dollar at present. Today, the USD, XOI, HUI and CBOE Equity Put Call Ratio Index are discussed. Read full article... Read full article...
Friday, November 14, 2008
Gold at $14,172 an ounce? / Commodities / Gold & Silver
By: Brian_Bloom
There are those who have been arguing vociferously for some years now that the world will be better off under a gold standard.
These people may or may not be correct, but we need to understand the implications of what a gold standard will bring with it.
Read full article... Read full article...
Friday, November 14, 2008
Gold GLD ETF Impact on the Gold Market / Commodities / Gold & Silver
By: Zeal_LLC
Amidst our seemingly endless slog through today's dark sentiment wastelands plaguing the markets, we have a birthday to celebrate. Four years ago this week, a revolutionary ETF was launched that forever changed trading dynamics within the global gold market. Known today as the SPDR Gold Shares, GLD has been wildly successful by any measure. Read full article... Read full article...
Friday, November 14, 2008
Gold Will Rise as Governments Reflate to Resurrect Economies / Commodities / Gold & Silver
By: Julian_DW_Phillips
A long and deep recession, possibly a depression is being forecast across a broad front. But the real picture is different. Governments and central banks are not only committed to doing all in their power to resurrect growth and give their different economies 'traction' but have begun the vigorous implementation of reflation. They will do " whatever it takes " to get growth and confidence re-established globally. Read full article... Read full article...
Friday, November 14, 2008
Gold Trades Higher as U.S. Debt Mountain Set to Soar / Commodities / Gold & Silver
By: Adrian_Ash
THE WHOLESALE PRICE OF GOLD traded internationally jumped late-morning in London dealing on Friday, rising 5.4% from yesterday's three-week low against the Dollar and touching a five-week high above £500 an ounce for British investors. Read full article... Read full article...
Friday, November 14, 2008
Silver Paper Certificates and Physical Silver Holdings / Commodities / Gold & Silver
By: David_Morgan
The following excerpt is from the November issue of The Morgan Report. Many in the precious metals community have been leery of holding paper silver. Interestingly the people I interviewed began to ask similar questions and began their own holding company. Part of the interview from the November issue follows…Read full article... Read full article...
Thursday, November 13, 2008
Gold Steady as Mining Output Drops and China Demand Increases / Commodities / Gold & Silver
By: Adrian_Ash
GOLD BULLION PRICES held in a tight 1% range above last night's 3-week low early in London on Thursday, recording its lowest AM Gold Fix since Oct. 24th at $714 per ounce as commodity prices and world stock markets tumbled once more.Crude oil touched $55 per barrel – a new 20-month low – while government bonds continued their "safe haven" gains.
Read full article... Read full article...
Wednesday, November 12, 2008
Gold and British Pound Tumble on Deflationary Recession / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD dropped $10 an ounce in the first-half of London trade on Wednesday, sliding to a 6-session low as Asian stock markets closed down for the day and European equities gave back an early 1% gain."Sentiment [in the Gold market] is still pretty negative," reckons Narayan Gopalakrishnan, a trader at metals refinery group MKS Finance in Geneva, Switzerland, speaking to Bloomberg.
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Tuesday, November 11, 2008
Gold follows Stocks Lower on Continuing Yen Carry Trade Unwinding / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES slipped early in London on Tuesday, dipping below $740 an ounce as the US Dollar and Japanese Yen rose on the currency markets while world stock markets and commodity prices fell once again.Read full article... Read full article...
Tuesday, November 11, 2008
Gold Rallies as Goldman Sachs Share Price Crash / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver were up another 2% yesterday as bargain hunters continue to bottom feed. Oil and most commodities were somewhat higher on news of the Chinese $0.6 trillion stimulus injection while the dollar was flat and the pound fell again (reaching a new low against the euro) due to the sharply deteriorating UK economy.Read full article... Read full article...
Tuesday, November 11, 2008
Gold the Supernova Metal / Commodities / Gold & Silver
By: Submission
Edward Wray writes: It might be refreshing for a moment to back away from all the Sturm und Drang of the Dirtbag economics chaos and return to a simpler time when Andy might have said to Opie, "Do you see that! That's a silver coin boy, and ifin you save enough of these in your piggy bank, you might just get out of Mayberry and become a famous movie director. Really Pa?"Read full article... Read full article...
Monday, November 10, 2008
Gold and Stocks Gain on China's $586 billion Economic Stimulus Package / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose sharply during Asian and early London trade on Monday, adding 2.4% from last week's close as world stock markets also rose on news of a 4 trillion Yuan stimulus package ($586bn) from the Chinese government, plus an extra $40bn of US government aid for troubled insurance giant AIG.Read full article... Read full article...
Sunday, November 09, 2008
Gold Trades Sideways Amidst Continuing Bearish Trend / Commodities / Gold & Silver
By: Merv_Burak
Having been away last week didn't seem to have made much difference. Gold is just about where it was when last I reviewed it here two weeks ago. The best that can be said is that it is building strength while moving in a basic lateral direction.
GOLD : LONG TERM - Since I last showed the long term P&F chart of gold in my 2008-10-17 commentary it had made a move to lower levels and then moved in a sideways path. It has formed a strong resistance at the $765 level so a move to $780 would be an upside break. It might also be a reversal to the bull as the down trend line is very close to that point.
Read full article... Read full article...
Sunday, November 09, 2008
Monetary Reform: Gold And Bills Of Exchange / Commodities / Gold & Silver
By: Professor_Emeritus
Address before the Civil Society Institute at Santa Clara University, November 3rd 2008 - The Great Depression of the 1930's was not due to the 'contractionist propensities' of the gold standard as alleged by John M. Keynes. Nor was it due to fractional reserve banking as alleged by Murray Rothbard. Rather, it was due to the government's sabotaging the clearing system of the international gold standard, the bill market. Read full article... Read full article...
Saturday, November 08, 2008
Bob Moriarty: Laying Out a Feast for Stock Bears and Gold Bugs / Commodities / Gold & Silver
By: The_Gold_Report
In this exclusive interview with The Gold Report, 321gold.com founder Bob Moriarty provides abundant food for thought about the continuing U.S. financial debacle. Unlike many other observers, he foresees a short-term rally in the stock market but paints a bleak longer-term picture. He expects the ship of state to sink like the Titanic, with precious metals holdings and other “things” the only safety nets on board. Not one to whitewash his opinions, Bob seems to be right more often than not but also freely admits it when he makes mistakes. As he puts it, “When my theories don't match the facts, I revise my theories.” We conducted the interview over a week ago and all of his predictions seem to be coming true. So far. Read full article... Read full article...
Saturday, November 08, 2008
Greenspan and the Gold Standard: Thinking Out Loud / Commodities / Gold & Silver
By: Kurt_Kasun
I wish some Congressman would have had the courage to ask Greenspan why he abandoned his principles he so eloquently (and correctly) wrote about in 1966 before becoming a government sell out like the rest of them (rather than Grandstanding, but nothing new with that).Read full article... Read full article...
Friday, November 07, 2008
Gold Set to Break Lower / Commodities / Gold & Silver
By: Mike_Paulenoff
The streetTRACKS Gold ETF (NYSE: GLD) pattern offers an inverted view of the PowerShares DB Gold Double Short ETN (AMEX: DZZ) and shows the bearish coil pattern at the low end of the Sept-Oct downmove, which should resolve to the downside after the conclusion of the sideways pattern. I am establishing an initial model portfolio position this morning in case the coil is complete here, and will add to the short (DZZ) position if gold (GLD) climbs towards the 74.00 area and 36.80 in the DZZ.Read full article... Read full article...
Friday, November 07, 2008
Investors "Accumulating Gold" as Recession Hits / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held steady again early Friday, recording an AM Gold Fix in London of $745 an ounce and standing 1.5%, 3.6% and 0.7% higher from the end of last week against the Dollar, Sterling and Euros respectively."We are now at a lower range," said William Kwan, head of bullion trading at Gold Capital Management in Singapore, to Reuters earlier.
Read full article... Read full article...
Friday, November 07, 2008
Is Gold Decoupling from Crashing Stock and Commodity Markets? / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to consolidate between $700/oz and $760/oz and looks set to rechallenge $800/oz in the coming days as safe haven buying reemerges on continuing concerns regarding the global financial system and economy.Gold was down marginally yesterday (some 1%). It surged after the Bank of England's massive interest rate cut of 150 bps but more counterintuitive trading was seen as gold was aggressively sold by US investment banks on the COMEX who did not appear to want to see gold surging above $760/oz and aggressively defended this position.
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Thursday, November 06, 2008
Gold Steady as UK Slashes Interest Rates to 57-Year Low / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT MARKET PRICE of Gold held steady in London on Thursday morning, trading just shy of $745 per ounce as world stock markets sank to a one-week low and UK interest rates were slashed to their cheapest level in more than five decades."The bears are back in full control," says Walter de Wet at Standard Bank in Johannesburg, "after bulls across the globe realized that current economic problems cannot be voted away.
Read full article... Read full article...
Thursday, November 06, 2008
Gold Retraces Following Post Election Profit Taking / Commodities / Gold & Silver
By: Mark_OByrne
Gold gave up some of the Election Day gains yesterday on profit taking due to sharply lower oil (WTI $Dec down $5.23 to $65.30) and commodity prices ( the CRB Commodities Index fell 10.25 to 267.97) on fears of significant demand destruction due to a protracted global recession. Silver was the exception and was more robust and continued to rise after the previous day's sharp gains.Read full article... Read full article...
Wednesday, November 05, 2008
Gold Choppy as Investors Review the Obama Bounce / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD slipped back from an overnight high of $769 per ounce in London on Wednesday, while European stock markets reversed one-third of Tuesday's "Obama Bounce" after the president-elect's US landslide was confirmed.The UK's FTSE100 index lost 1.3% on new data showing the manufacturing sector suffering its worst contraction since 1980.
Read full article... Read full article...
Wednesday, November 05, 2008
Brien Lundin: Is Gold Holding a Wild Card? / Commodities / Gold & Silver
By: The_Gold_Report
As difficult as it may be for precious metals investors to sit on their hands, that may be the best “action” for surviving this hazardous transition from deflationary to inflationary times. In this exclusive interview with The Gold Report, Gold Newsletter Editor Brien Lundin explains why it is absolutely inevitable that inflation will trigger a rise in gold and hints that a December “surprise” could end the waiting game. While his advice is to let this round of deleveraging and deflation end before making any serious plays, he names a few bargains that stand out even in a downturn. Read full article... Read full article...
Wednesday, November 05, 2008
President Obama Inherits Great Challenge akin to Carter and Roosevelt / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver both surged some 4% yesterday from oversold levels as the dollar weakened and oil surged. We said some weeks ago that the recent sell off in precious metals was likely to end around election day and believe that this has indeed happened and that gold will resume its secular bull market in the coming weeks. Important elections often see markets reverse course and witness trend reversals and this is one of the most momentous election victories in US history.Read full article... Read full article...
Tuesday, November 04, 2008
Gold Jumps as America Votes / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD jumped into the Wall Street opening on Tuesday, adding to an overnight rally and touching a 5-session high of $745 an ounce as European stock markets rose for the seventh-day running.The US Dollar slipped back ahead of today's presidential election, losing 2.5¢ to the Euro and reversing half of Monday's gains vs. the Pound Sterling.
Read full article... Read full article...
Tuesday, November 04, 2008
Gold Holds Steady Amidst Continuing Deflationary Pressures / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up marginally yesterday despite further strength in the dollar and a further sharp fall in the oil price. Deflationary pressures continue to be prevalent and central banks internationally continue to aggressively cut interest rates in an effort to stimulate credit growth and inflate their way out of a possible Depression.Read full article... Read full article...
Monday, November 03, 2008
Gold Rally Stalls Despite Bail-Outs Sparking Huge Monetary Inflation / Commodities / Gold & Silver
By: Money_Morning
THE PRICE OF GOLD rose 2% early Monday, briefly touching $739 an ounce before slipping back as world stock markets continued to struggle after suffering their worst month in 21 years.Crude oil slipped again, while the US Dollar and Japanese Yen held steady on the currency markets after October's record surge, when "all the trades that worked well for the past five years went badly very quickly," as one Citigroup strategist put it to Reuters this morning.
Read full article... Read full article...
Monday, November 03, 2008
Gold Near Low as Massive Physical Demand Continues / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver have risen in Asian and early trading in Europe today. Last week saw gold fall some 1.4% while silver rose 4.9%. The performance of the precious metal mining shares may be an indication that we are at or near a low in this sell off as the HUI and XAU mining indices were up sharply last week - up 14.4% and 14.95% respectively. They tend to be a leading indicator of a trend reversal in the precious metals. Read full article... Read full article...
Friday, October 31, 2008
Eric Lemieux: Gold's Behavior Flies in the Face of Every Theory / Commodities / Gold & Silver
By: The_Gold_Report
In an exclusive interview with The Gold Report, Eric Lemieux, metals and mining analyst with Laurentian Bank Securities, describes gold's inexplicable descent as a violation of market fundamentals. Eventually the worsening supply deficit will energize the precious metals sector and when it does, he believes the junior explorers will be well positioned to benefit. He focuses on the emerging mineral wealth of the James Bay area of Quebec and discusses his favorite explorers. Read full article... Read full article...
Friday, October 31, 2008
Gold and Stocks End October With Huge Loss of Value / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD BULLION PRICES bounced from $725 an ounce early Friday, nearing the month's end nearly 10% down against most major currencies – including the Dollar – as world stock markets reversed this week's rally.Read full article... Read full article...
Friday, October 31, 2008
Gold Falls on Comex and Futures Selling Despite Huge Demand / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to surprise to the downside on the Comex and the futures markets in spite of huge physical demand, increasing supply issues and surging premiums on bullion products. Read full article... Read full article...
Friday, October 31, 2008
Silver Investing When Everyone Else is Panicking-Party Time…. Let's Celebrate! / Commodities / Gold & Silver
By: Investmentscore.com
When it comes to investing, does the title “Party Time…. Let's Celebrate!” sound counter intuitive right now? This title is the most opposite/contrarian and therefore it is likely the most appropriate title we could think of at this time. Why? Read full article... Read full article...
Friday, October 31, 2008
Silver Production Falls by 70%? / Commodities / Gold & Silver
By: David_Morgan
This headline should grab anyone's attention, especially those interested in the silver market. Before going forward, let me explain that fully 70% of silver is produced as a result of mining other metals, mostly base metals. Copper mining, for example, is responsible for 28% of the silver mined in 2007. Lead/Zinc mining yielded 32% of the silver mined in 2007. Finally, gold mining brought about 10% of the silver mined, again in 2007. All data is from GFMS World Silver Survey 2008, page 31. Read full article... Read full article...
Thursday, October 30, 2008
Gold to Explode Higher Following Mutual Debasement of World Currencies / Commodities / Gold & Silver
By: John_Browne
Despite the fact that the governments of the G-7 nations have injected some $3.5 trillion into their financial systems to prevent a meltdown of the world's financial system, stock markets are still reeling. With some stocks down by over 60 percent, many investors already have been through a disastrous erosion of wealth. The declines have not occurred in just a few days as they did in 1929. Rather, Government interventions, regulatory changes and bailouts have drawn out the fall in prices over a long enough time period to make it feel like a slow water torture. Read full article... Read full article...
Thursday, October 30, 2008
Gold Dips, Stocks Jump Despite US Recession Data / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of physical gold slipped from a seven-session high for Dollar and Yen investors at the New York opening on Thursday, as world stock markets extended a four-day rally despite confirmation that the US economy has joined the UK in sliding towards recession.Read full article... Read full article...
Thursday, October 30, 2008
U.S. Inflationary Interest Rate Cut Bullish for Gold / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose nearly 2% yesterday as the Federal Reserve decreased the fed funds rate by 50 basis points to 1.00%. Other central banks internationally are also slashing interest rates and there is increasing speculation that the Bank of England and the ECB may cut interest rates aggressively as early as this week and possibly even today in an effort to prevent international financial contagion causing a sharp global recession.Read full article... Read full article...
Thursday, October 30, 2008
Gold Insurance Against Continuing Financial Meltdown / Commodities / Gold & Silver
By: David_Vaughn
Wow! Are you excited?
The entire world is going through a generational and even a once in a hundred year cyclical change right before our eyes and we are witness to these historical events. All of these gold and financial sites for over 10 years have been predicting that this financial meltdown was coming.
Read full article... Read full article...
Wednesday, October 29, 2008
SIlver Up Trend Continues / Commodities / Gold & Silver
By: Mike_Paulenoff
All my near-term technical and pattern work on the iShares Silver Trust ETF (AMEX: SLV) argues for upside continuation that tests key near-term resistance at 10.00/30. If that area happens to be hurdled, I will get signals that point the SLV to 12.00 thereafter. Why? Perhaps what we are seeing is a technical representation of the reaction of the "precious" metals complex to VERY low interest rates (typically a bullish environment for commodities), coupled with the massive liquidity injections that could kindle expectations of monetary inflation translating into eventual "goods" inflation. Be that as it may, as we speak the near-term technical set-up in the SLV is improving rapidly.Read full article... Read full article...
Wednesday, October 29, 2008
Gold Gains as Stock-Rally Fades on Collapse in World Trade / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES jumped to a one-week high of $765 an ounce at Wednesday's New York opening, gaining 12% from Friday's 12-month low as the strong rally in world stock markets faltered.
Wall Street futures pointed lower ahead of today's Federal Reserve decision, widely expected to deliver a further 0.5% cut to US interest rates, taking the returns paid to Dollars back to the 6-decade lows now blamed for the sub-prime housing bubble of 2001-2007.
Read full article... Read full article...
Wednesday, October 29, 2008
Gold Physical Demand at Record Levels Supply Delays and Shortages Deepening / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to thread water after its recent sharp falls and there are very determined sellers in the futures market at the $740 to $750/oz level. The Letter, expressing some respect for gold's relative performance, points out that there "... is a strong seller of gold at the $740-$745 level…quite large; quite adamant and quite intent upon asserting his or its will upon the market." There is informed speculation that investment bank selling pressured gold this morning.
Read full article... Read full article...
Tuesday, October 28, 2008
Gold Priced in the Top 10 World Currencies / Commodities / Gold & Silver
By: Adrian_Ash
"...Take a look at this chart of gold prices measured in the top 10 most important world currencies..."
SO the SPOT GOLD PRICE sank in October, dropping right back to 13-month lows at $683 an ounce.
Read full article... Read full article...
Tuesday, October 28, 2008
Gold Consolidates in the range $700 to $760 / Commodities / Gold & Silver
By: Mark_OByrne
After rising yesterday gold is up marginally again today and has continued to consolidate in the $700/oz to $760/oz range. Further consolidation is likely necessary after the sharp fall in recent days.Read full article... Read full article...
Tuesday, October 28, 2008
Gold Rallies as Dollar and Yen Correct / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION continued to rally on Tuesday, rising to a four-session high above $752 per ounce as world stock markets also bounced after falling 12 times in 19 days in October.Read full article... Read full article...
Tuesday, October 28, 2008
Gold Technical Analysis and Forecast Video / Commodities / Gold & Silver
By: INO
Gold at the moment is perplexing to a great many traders. To many it was a shock when gold recently traded below the $700 an ounce level. So the question is, what happened to the $2,000 an ounce target that most gold bugs were calling for? Read full article... Read full article...
Monday, October 27, 2008
When Does Gold Trend Turn into a Bear Market? / Commodities / Gold & Silver
By: Clive_Maund
The action in gold on Thursday and especially on Friday was bullish, as well it might be after a near vertical drop of nearly $200 in just 2 weeks. In the article At what point does gold become a full blown bearmarket? posted on the site on 23rd it was made clear that the strong support in the $700 area needed to hold, otherwise gold would join copper and silver and many other commodities in being a bearmarket, at least as far as its paper price is concerned. Immediately after this article was posted gold dropped further to test this support, but on both Thursday and Friday it refused to close below $700, and on Friday a bullish candlestick, a long-legged doji, otherwise known as a "Rickshaw Man" showed up on the chart. Read full article... Read full article...
Monday, October 27, 2008
Gold Price Performance During Recessions / Commodities / Gold & Silver
By: Tim_Iacono
Someone recently wrote in a dismissive, almost pompous, tone something to the effect of, "Everyone knows gold doesn't do well in recessions". But, is that true? Well, it depends... Read full article... Read full article...
Monday, October 27, 2008
Gold Remains Safe Haven Amid Global Currency & Stock-Market Crash / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD BULLION sank and then bounced hard vs. the Dollar early Monday, whipping violently against all major currencies as world stock markets added to this year's 40% losses to date."While [the crucial Indian festival of] Diwali is just one day away in India," notes precious-metals dealer Mitsui in London today, "it is important to note that physical demand is strong globally, and this may help to support the Gold market at these levels.
Read full article... Read full article...
Monday, October 27, 2008
When Gold Will Bottom? / Commodities / Gold & Silver
By: Alex_Wallenwein
In short, gold will bottom when stocks bottom and the dollar bounce falters - unless fund managers run out of gold to sell before either of the other two events occur (or unless global investors suddenly come to their senses. Good luck on that one!)
In times like these, anyone would be crazy to predict an actual time when COMEX gold will reverse itself and start rising again, and you'd be crazy to believe it if someone did. At this point, nobody can say it will be tomorrow, or next week, or whatever. On the other hand, it is indeed possible to offer some common sense, bedrock parameters that will tell you that the bottom is in for our favorite derivative to start coming back from the road kill category.
Read full article... Read full article...
Saturday, October 25, 2008
Gold Hits New Bear Market Low / Commodities / Gold & Silver
By: Merv_Burak
New bear market lows in gold but not really confirmed by the indicators. Are we in for a rally here? One would be nuts to predict with any certainty. However, we can confirm where we are, if not where we are going.
GOLD : LONG TERM - That $750 P&F projection mentioned last week didn't stand a chance. By the end of the week the P&F chart dropped as low as the $690 unit before rebounding during Friday up to the $750 unit. Now what? The rebound is nice but at this point does not imply a rally of any significance in progress. So we still have the $630 and possibly the $480 levels to look forward to.
Read full article... Read full article...
Friday, October 24, 2008
Gold's Fate Linked to Euro? / Commodities / Gold & Silver
By: Mike_Paulenoff
Gold and the streetTRACKS Gold Shares (NYSE: GLD) are having an interesting session... but their fate may be increasingingly linked to the direction of Euro/$ (or perhaps Euro/Yen these days). Let's notice that at today's low, the Euro/$ appears to have satisfied an equidistant 2-leg correction off of its July high, and is attempting to hold and to rally off of the 1.2500 equidistant support area. Read full article... Read full article...
Friday, October 24, 2008
Gold Market Plunge Technical Analysis / Commodities / Gold & Silver
By: Mark_OByrne
It was déjà vu in the Comex gold market yesterday as the recent sharp selloff continued. Bearish sentiment remains at extreme levels and all notions of fundamental value are being thrown out the window as the financial crisis morphs into a global economic crisis. Stock, commodity and many currency markets internationally are in meltdown on panic selling. Read full article... Read full article...
Friday, October 24, 2008
U.S. Dollar Driven Gold Price Crash / Commodities / Gold & Silver
By: Zeal_LLC
During this unprecedented month where the flagship S&P 500 has plummeted 23.0%, it isn't surprising this brutal stock-market selloff is monopolizing investors' attention. Thus gold's poor performance is largely flying under the radars. Month to date, this metal is down a massive 15.6%! This combined with the intense stock fears have led to an unthinkable 46.4% October decline in the HUI gold-stock index. Read full article... Read full article...
Friday, October 24, 2008
Gold Buying Opportunity and Hedge Against Uncertainty / Commodities / Gold & Silver
By: Joseph_Brusuelas
Perhaps the most interesting development during the intensification of the credit crisis is that the price of gold did not climb higher than it did. Upon the initiation of the crisis in August 2007, the price of gold surged reaching a high of $1002.95 on March 14, 2007. Since then the cost of the precious commodity has fluctuated with the most recent price action sending it to recent lows of 725.74. However, given the pervasive uncertainty in markets we think that this represents a strategic buying opportunity on the back of our bullish call for gold to spike towards $1100 in 2009 with the potential for a much larger move over the longer term. Read full article... Read full article...
Friday, October 24, 2008
Spot Gold Hits New Low as Stocks and Sterling Crumble / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD sank yet again Friday morning, sinking to a fresh 13-month low for US buyers at $683 per ounce.Global stock markets and commodity prices also crumbled once more in the face of huge gains in the Dollar and Yen – the two currencies most owed by leveraged investors worldwide.
Read full article... Read full article...
Thursday, October 23, 2008
Gold Crashes to 50% of Bull Market, Recovery Rally Expected / Commodities / Gold & Silver
By: Mike_Paulenoff
The very long-term chart pattern shows that the streetTRACKS Gold Shares (NYSE: GLD) has retraced 50% of its entire prior bull run (2005-2008), and so far has shown initial signs of reversal just above critical long-term support between 68.50 and 63.50. As of this moment, the weight of my technical work argues for a recovery rally into the 74.50-75.00 target zone, which could prove to be either the start of a very powerful upleg, or merely a recovery bounce prior to another loop to 70.00 or lower to complete the weakness from the March highs. Read full article... Read full article...
Thursday, October 23, 2008
Credit Deflation Brings Down Gold Bull Market / Commodities / Gold & Silver
By: Chris_Galakoutis
Why would Credit Deflation bring down Gold when Credit Inflation didn't send it to the moon?
I have received many emails from readers about the public article I wrote last week on the issue of the current deflation scare. Those arguing against my position believe the US will not experience inflation as quickly as some might expect.
Read full article... Read full article...
Thursday, October 23, 2008
Gold Bulls Running Scared on Price Collapse / Commodities / Gold & Silver
By: Mark_OByrne
Comex gold's recent sharp selloff has continued and even the most ardent gold bulls are getting nervous. Bearish sentiment is very prominent and the level of fear in the precious metal markets suggests that a low is likely in the coming days. Leveraged players in the futures market are dumping paper positions wholesale while astute contrarians are using this as an opportunity to buy physical bullion at firesale prices.Read full article... Read full article...
Wednesday, October 22, 2008
Dow Gold Ratio Hits 80 Year Extremes, Time to Buy? / Commodities / Gold & Silver
By: Adrian_Ash
"...It's always darkest before it's pitch black..."
YOU MIGHT LIKE to know, if you put store by such things, that the US stock market just sank to a 14-year low against gold.
Read full article... Read full article...
Wednesday, October 22, 2008
Loading Up on Silver Below $10 / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brodrick writes: As the price of silver pulled back under $10 an ounce recently, I started loading up on the white metal. Or, I should say, I tried to load up. While I was easily able to buy silver coins with numismatic value, my first attempts to buy silver bullion coins met with frustration.
I think this says a lot about the silver market right now. On paper, it's cheap. But in the real, physical market, silver is getting very precious indeed.
Read full article... Read full article...
Wednesday, October 22, 2008
Gold, Stocks and Commodities Slump / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION continued to slide early Wednesday, dropping more than 3.5% to a fresh 5-week low of $749 per ounce as world stock prices sank and the US Dollar leapt yet again on the currency markets.Read full article... Read full article...
Wednesday, October 22, 2008
Gold Oversold, US Dollar Overbought / Commodities / Gold & Silver
By: Mark_OByrne
Comex gold continues to stink up the room after the sharp falls in recent days as the dollar has strengthened considerably and oil prices fallen sharply. The technical damage sustained to Comex gold has been severe and chart watchers are now tentatively looking to support at $750/oz.Read full article... Read full article...
Tuesday, October 21, 2008
Frank Holmes: When Inflation Erupts, Gold Will Take Off / Commodities / Gold & Silver
By: The_Gold_Report
Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher:Demystifying Gold Investing” (John Wiley & Sons). In this exclusive interview with the Gold Report, he predicts gold will go to $1,000, even $2,000, over the next two years. A growing money supply due to a change in government policies will help lift some juniors out of their misery, too. Holmes advises selective nibbling until conditions improve and names a few companies to consider. Read full article... Read full article...
Tuesday, October 21, 2008
Silver Outperforming Gold in Early Stages of a Potent Rally / Commodities / Gold & Silver
By: Mike_Paulenoff
Who would have thought that Gold would be down $26, and Silver would be up $0.34? Let's take a look at the pattern that has developed in spot silver. Spot silver prices, for the most part, crashed from the mid-March high at $21.40 to the mid-October low at $9.06 (-58%). Let's notice that the October low also coincided with a glaring positive momentum (RSI) divergence, which usually indicates that the power underlying the dominant trend is dissipating -- ahead of a directional reversal. Read full article... Read full article...
Tuesday, October 21, 2008
Gold on the Slide as Indian Demand Passes Peak with Diwali / Commodities / Gold & Silver
By: Adrian_Ash
WHOLESALE SPOT GOLD PRICES slid again in London on Tuesday morning, dropping 2.9% towards a fresh one-month low at $776.60 per ounce while the US Dollar rose to its best level since March 2007 and the stock market rally faltered in Europe.Read full article... Read full article...
Tuesday, October 21, 2008
Comex Gold Continues to Slump Despite Soaring Demand for Physical Gold / Commodities / Gold & Silver
By: Mark_OByrne
Comex gold continues to surprise to the downside despite the incredibly strong fundamentals of gold bullion itself with increasing shortages, delayed deliveries and premiums soaring for physical bullion in Asia, Europe, the US and internationally. Premiums have soared on smaller bullion products (from 1 ozt to 5 kilo gold bars) and look set to soon rise on the larger 100 and 400 ozt London Good Delivery gold bars.Read full article... Read full article...
Monday, October 20, 2008
For Gold Investors Hope Springs Eternal / Commodities / Gold & Silver
By: Captain_Hook
Picking things up from yesterday , the theme of today's message is the same, albeit it appears we may have witnessed a temporary bottom in equities with the significant reversals. Rising short sales and put / call ratios are accelerating, showing signs of capitulation, along with the larger equity complex being short-term oversold. So, when you add an exploding liquidity picture to the background combined with falling interest rates around the world – hey – who can argue – it appears a bounce is in order. Here's the sticking point however, as with the 1929 pattern , don't be surprised if lower lows are vexed in late October / early November, as the public may not get sufficiently bearish in the options market in order to keep a sufficient number of negative bets on until closer to election time. Read full article... Read full article...
Monday, October 20, 2008
Silver Technicals Ripe for Explosive Rally / Commodities / Gold & Silver
By: Mike_Paulenoff
Needless to say, the iShares Silver ETF (AMEX: SLV) has been in the grasp of a vicious and relentless multi-month bear phase in the aftermath of a 7-month powerful advance from 11.00 to 20.73. In fact, spot silver prices have not been this low since Februay 2006 and have retraced all of the bull move from around $9 to $21.50. Compared to the weakness in gold, silver has crashed, losing 65% of its value versus 23% in gold. Clearly, the need to deleverage and to raise cash hit the silver market much more severely than it did the gold market, which cut in half the gold/silver ratio -- no reflecting 82+ ounces of silver needed to equal the value of 1 ounce of gold. Read full article... Read full article...
Monday, October 20, 2008
Indian BSE Stock Market Crash and Lack of Gold Demand / Commodities / Gold & Silver
By: Alex_Wallenwein
Indians have not really become ‘anti-gold.' They are just undergoing a natural re-evaluation process. The global crisis makes the outcome rather predictable. It's lonely out in gold-land without Indians doing their traditional holiday buying. What's the deal? Why are they staying on the sidelines? Read full article... Read full article...
Monday, October 20, 2008
Gold Slips as Stocks Rally / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD gave back two-thirds of a 3.4% rally early Monday, trading below $795 an ounce as Asian stock markets closed sharply higher and US Treasury bonds fell.Crude oil pushed up to $74.50 per barrel, while soft commodities and base metals bounced hard – up more than 2.5% on average – following last week's collapse.
Read full article... Read full article...
Monday, October 20, 2008
China Should Buy All IMF Gold Says "Father of the Euro" / Commodities / Gold & Silver
By: Mark_OByrne
Gold has rallied 2.5% this morning after falling some 8% last week as the “dash for cash” and the deleveraging of the international financial system gathered pace. In the process gold gave up most of the gains of the last 5 weeks in just one week. Gold was trading at some $740/oz on September 11 th and subsequently surged to over $924/oz as Lehman Brothers collapsed and the global financial crisis deepened.Read full article... Read full article...
Sunday, October 19, 2008
Silver Price Collapse Shows Silver is No Precious Metal / Commodities / Gold & Silver
By: Clive_Maund
Silver may be classed as a "Precious Metal" but it has certainly not received any special treatment these past few months, during which it has been sold down heavily along with most other commodities, in marked contrast to gold, which has held up well.Read full article... Read full article...
Sunday, October 19, 2008
Gold Extremely Bearish Heading for New Lows / Commodities / Gold & Silver
By: Merv_Burak
It's been down hill all week with only Wednesday providing a minor bit of relief. It looks like we might be heading for new lows as early as this coming week. Never a dull moment.Read full article... Read full article...
Friday, October 17, 2008
Silver Physical Delivery Delays- Open Letter to CTFC / Commodities / Gold & Silver
By: David_Morgan
To Mr. Bart Chilton, Commissioner, CFTC and Ms. Janet Troyke, Director Market Regulation, CME Group :
In full and proper disclosure, I would like to ask the CME/COMEX and CFTC the following question regarding monthly delivery of silver.
Read full article... Read full article...
Friday, October 17, 2008
Gold and Deflation / Commodities / Gold & Silver
By: David_Morgan
The question has been pouring in: “What happens to gold during a deflation? Of course, many of my readers are equally if not more interested in what happens to silver in a deflation as well.Read full article... Read full article...
Friday, October 17, 2008
Gold Price Forecast and Analysis Online Video / Commodities / Gold & Silver
By: INO
There's no doubt about it, these are volatile times and that is reflected in the broad swings in all of the markets. One market that had a huge move today (10/16) may have produced a game changer that you can make money on. Read full article... Read full article...
Friday, October 17, 2008
Gold Drops in the Face of Deleveraging / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF WHOLESALE Spot Gold bullion slid further on Friday, dipping to a new one-month low beneath $785 an ounce as inter-bank lending rates eased on an historic flood of government cash into commercial bank coffers.Read full article... Read full article...
Friday, October 17, 2008
Gold Price Crash on Hedge Funds Forced Selling / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell some 4% yesterday with forced selling being seen as hedge funds continue to deleverage and pension funds and other passive investors sell the various commodity indices. Also reports from Barclays that some European central banks had sold some 7.6 tons of gold during the week also acted to depress the market.Read full article... Read full article...
Thursday, October 16, 2008
Another Dow Jones Crash; Another Reason to Buy Gold? / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: The credit collapse is not entirely over. Nor is its impact on Main Street.
And as we saw yesterday, there will be more sell-offs, sharp ones that scare the dickens out of nearly everyone.
Read full article... Read full article...
Thursday, October 16, 2008
Dow Gold Ratio Sinks to 14-Year Low / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of GOLD BULLION twice bounced off $830 an ounce early Thursday – the floor set five times already this week – as world equity prices sank yet again.Hurricane Omar strengthened to category 3 in the Caribbean, but the price of crude oil sank to a fresh 14-month low below $73 per barrel.
Read full article... Read full article...
Thursday, October 16, 2008
Gold Holds Steady In face of Massive Deleveraging of Global Financial System / Commodities / Gold & Silver
By: Mark_OByrne
Gold has remained resilient despite stock markets collapsing again internationally. Asian stock markets have fallen sharply with the Nikkei collapsing by more than 11%. European markets are down between 2% and 5.5% in early trading after recovering from steeper losses at the open. Read full article... Read full article...
Wednesday, October 15, 2008
Central Banks Throwing Trillions to Save Burning Banks / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brodrick writes: If the Central Banks were our kids, we'd be taking their credit cards away. They are spending us into the poor house!
Sure, Wall Street is at the rotten root of this crisis. Their toxic debt is poisoning the global economy and financial system. But there's plenty of blame to go around.
Read full article... Read full article...
Wednesday, October 15, 2008
Gold Slides with Stocks as Governments Go on Bank Debt Binge / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped 1.7% into the US opening on Wednesday, dropping back to $833 an ounce for the fourth time in a month as the Dollar bounced on the forex market and world equity prices sank for the sixth time in 11 sessions. Read full article... Read full article...
Tuesday, October 14, 2008
Gold Bull Alive and Well ……….at least Outside the United States! / Commodities / Gold & Silver
By: Ronald_Rosen
Certain subscribers from Australia and Canada have been writing in during the year saying that they had bought gold when it was at $x, gold had gone up, and yet their investment had not. Well, with the exception of US citizens, gold is in a roaring bull market because of the exceptional strength of the US Dollar since March of this year. Far from topping out in March, gold in other countries is still reaching new highs. This strength caught most investors out, and particularly a number of hedge funds which have had to liquidate because of losses incurred through being short of the dollar and long commodities. Read full article... Read full article...
Tuesday, October 14, 2008
Gold Consolidates at New Highs in Euro and Sterling / Commodities / Gold & Silver
By: Mark_OByrne
Gold continues to consolidate after its 3% rise last week. Given the scale of money creation and digital money printing gold taking place in the US and internationally, gold looks set to surge in the coming weeks as physical demand is unprecedented and supply remains lackluster at best.Read full article... Read full article...
Tuesday, October 14, 2008
Gold Slides as Global Stock Markets Soar / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slid from an overnight rally as the US opening drew near on Tuesday, trading 3% lower against most major currencies from this time last week while world stock markets continued to leap thanks to the promise of almost $2 trillion in tax-payers' money.The Japanese Nikkei index leapt a record 14% on the day, recovering just over half of last week's huge losses.
Read full article... Read full article...
Tuesday, October 14, 2008
End of Private Banking System Era and the Gold Primary Bull Market / Commodities / Gold & Silver
By: Brian_Bloom
Some months ago this analyst began voicing his view that what we are witnessing is the end of an old era and the commencement of a new one. Events of the past two weeks have certainly had no precedent. Comparing the market's behavior today with that of 1929-1933 ignores the fact that in those days there was not the quadrillion dollar derivatives risk exposure that some analysts argue exists today. Read full article... Read full article...
Tuesday, October 14, 2008
Trading the Silver to Gold Price Ratio / Commodities / Gold & Silver
By: Peter_Degraaf
Historically (1808 – 2008), the ratio between gold and silver has been 33 ounces of silver equals one ounce of gold. More recently, say 1978 – 2008, the ratio has widened to on average, 60 ounces of silver buys one ounce of gold. At the extremes the ratio fell to 17:1 in 1980 as both metals peaked; and rose to 100:1 in 1991 during the depth of the recession. Read full article... Read full article...
Monday, October 13, 2008
Gold Bounces from Friday Crash as Governments Nationalise Banks / Commodities / Gold & Silver
By: Adrian_Ash
Gold Prices gave back an initial 2% rally in Hong Kong and London trade on Monday, standing $10 an ounce higher from Friday's close at $858 as world stock markets bounced almost 6% from last week's record sell-off on news of bank nationalizations and government bail-outs.Read full article... Read full article...
Monday, October 13, 2008
Why Gold Is Dropping When It Should Be Rising / Commodities / Gold & Silver
By: Alex_Wallenwein
Why is gold dropping right now when anyone in their sane mind would expect it to rise? The simple answer to this question is, “because Comex-gold isn't gold” – and because it deceptively pretends to be 'the' price-setter for real gold.
Gold is gold, paper is paper, and “Comex gold” is nothing but paper masquerading as gold while simultaneously pretending to be the price-setting medium for actual gold in the world. Now, finally, Comex-gold is in the process of being unmasked.
Read full article... Read full article...
Sunday, October 12, 2008
Gold Gains Wiped Out By Chaotic Price Action / Commodities / Gold & Silver
By: Merv_Burak
While the world's markets were dropping like a rock all week long gold was moving higher, until Friday. Almost the full week's gains were whipped out on Friday. So, now what? A person would have to be nuts to try and forecast what's to come in this environment. Let's just see where we are and go with that. Read full article... Read full article...
Friday, October 10, 2008
A Credit Crisis? No its a Confidence Crisis! Gold? / Commodities / Gold & Silver
By: Julian_DW_Phillips
Events on the banking, credit and foreign exchange fronts are behaving in a startling and frightening way. Not only are equity markets crashing but currencies are worrisome especially now with what appears to be a strong $, but falling against the Yen. We saw a dropping € against the $, with the news from the Eurozone confirming it is infected with the same financial virus as the States. With both currencies weakening, their relationship to each other is losing relevance as they fall against gold. This is now confirmed as gold broke through the $900 barrier this week. Yes, as the currencies are falling against gold, it's not simply a credit crisis out there. Let's call a spade a spade; it's a confidence crisis! Read full article... Read full article...
Friday, October 10, 2008
Gold Breaks Higher as Global Stock Markets Crash / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES to a new 11-week high early Friday before slipping back to $905 an ounce for US investors as world stock markets plunged into what's now the worst five-day crash since the wipe-out of Oct. 1987.Read full article... Read full article...
Friday, October 10, 2008
Gold Surges on Safe Haven Stock Market Panic Buying / Commodities / Gold & Silver
By: Mark_OByrne
While gold has again surged on safe haven buying overnight (and is up since 20% since the financial and economic crisis deepened), there is increasing surprise that gold has not surged to its recent record highs especially as there are deepening shortages of retail bullion internationally and the gold holdings of gold ETFs continue to surge.Read full article... Read full article...
Friday, October 10, 2008
Methods for Estimating the Price of Gold / Commodities / Gold & Silver
By: Mike_Hewitt
There are several different approaches to calculating a theoretical price for gold. The purpose of this essay is to calculate this figure using two different methods. For each, the total ounces of gold above ground will be divided by: Read full article... Read full article...
Thursday, October 09, 2008
Gold Ready to Skyrocket? / Commodities / Gold & Silver
By: INO
Hi, this is Adam Hewison. I have just finished a new video on gold that I would like you to see. This new video deals with some of the strange events that we've been going through the past two or three weeks, or in some cases several months. Read full article... Read full article...
Wednesday, October 08, 2008
Gold and the Flood of Cheap Government Money / Politics / Gold & Silver
By: Paul_Tustain
"...If we allow governments to control finance, we give them extraordinary power over which projects are allowed and which are deemed inappropriate..."
The BRITISH PRIME MINISTER , Gordon Brown, says the current mess in world finance and credit is the fault of "irresponsible" bankers.
Read full article... Read full article...
Wednesday, October 08, 2008
7 Trillion Reasons to Own Gold / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brokerick writes: In just a few short weeks, America has gone from looking at a potential economic downturn to staring into an economic abyss.
In a matter of days , confidence in the Federal Reserve's ability to unfreeze our nation's credit markets has nearly vanished.
Read full article... Read full article...
Wednesday, October 08, 2008
Gold New Record High on Panic Interest Rate Cuts / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES leapt once again in London trade on Wednesday, reaching $915 an ounce for US investors as the US Federal Reserve led a co-ordinated cut of 0.5% to major world interest rates.Currencies were left little changed against each other, but the Gold Price in British Pounds jumped to a new all-time record above £525 an ounce.
Read full article... Read full article...
Wednesday, October 08, 2008
Emergency Central Bank Interest Rate Cuts Boost Gold / Commodities / Gold & Silver
By: Mark_OByrne
Gold rallied yesterday on increasing risk aversion as stock markets continued to crash internationally (gold closed at $880.70 up $18 and silver closed at $11.34 up 7 cents). Gold has surged to new record highs in most major currencies including the Australian dollar, British pound (£517) and Euro (€662) as the global contagion deepens. Therefore, gold is again acting independently of the dollar and despite recent dollar strength has rallied sharply in all major currencies.
Read full article... Read full article...
Wednesday, October 08, 2008
Severe Bull Market for Gold / Commodities / Gold & Silver
By: The_Gold_Report
Seeing beyond the blind curves of bailouts and meltdowns takes the keen vision of a veteran market observer, Roger Wiegand, Editor of Trader Tracks . In this exclusive interview with The Gold Report, Wiegand predicts a “severe bull market” for gold that will include both juniors and seniors. He advises selective buying and names several of his favorites. The Gold Report: When we spoke in mid-July, at the height of the market, you predicted a major downward correction.
Read full article... Read full article...
Tuesday, October 07, 2008
Gold Crisis and Inflation Hedge Expected to Outperform Crude Oil / Commodities / Gold & Silver
By: Dr_Krassimir_Petrov
1. Introduction Over the last 7-8 years, gold has consistently underperformed oil. Gold bulls are worried – after all, why invest in gold, when oil delivers a better performance, and so are apparently copper, uranium, and a number of agricultural commodities. The answer is simple – during the early stage of this commodity bull market (2000-2006), the fundamentals of oil were much better than gold. However, the relative fundamentals will reverse in later stages, when gold will dramatically outperform oil. This is simply the nature of the current commodity bull market.
Read full article... Read full article...
Tuesday, October 07, 2008
Real Price Of Gold Soars / Commodities / Gold & Silver
By: Mike_Shedlock
Gold in "Real" terms is soaring. "Real" in this case means how much an ounce of gold will buy. Let's compare gold to a commodities, to silver and to the stock market, starting with a basket of commodities as measured by $CRB commodities index. Charts are as of 2008-10-06. Read full article... Read full article...
Tuesday, October 07, 2008
Gold Pushes Higher as Silent Bank Run Continues / Commodities / Gold & Silver
By: Adrian_Ash
GOLD BULLION PRICES rose further in London on Tuesday, touching $888 an ounce and unwinding last week's action entirely as world stock markets rallied from their new record sell-off.Rumors starting late in New York ran from Tokyo to London, claiming that the US Fed and other big central banks are set to slash global interest rates in joint action.
Read full article... Read full article...
Tuesday, October 07, 2008
Credit Crisis Bailouts A Calamity Of Errors / Commodities / Gold & Silver
By: Captain_Hook
Between Lehman Brothers and the AIG bailout , Western central banks have already printed somewhere in the neighborhood of half a trillion dollars this week, and it's not over as Washington Mutual, amongst others, are said to be up next. While undoubtedly being a record for such largesse, because these measures are simply monetizing bad debt of insolvent companies, as pointed out previously, the effect on the consumer's liquidity condition is minimal. In fact, when you add up all the stock market losses, amongst other things , the average investor remains worse off, and deteriorating.Read full article... Read full article...
Monday, October 06, 2008
Gold and Silver Price Manipulation / Commodities / Gold & Silver
By: Mario_Innecco
An Official Market and a Free Market in Gold and Silver. I remember when I lived in Brazil the local currency was like confetti and if you wanted to protect yourself against inflation and currency collapse you had to hold U.S. dollars. Holding dollars, if you could get a hold of it, was very worthwhile as every month that went by you could buy a great deal more of cruzeiros, new cruzeiros, cruzados or reais.Read full article... Read full article...
Monday, October 06, 2008
Gold Leaps on Failed Bailout Economic Deflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES jumped $34 early in London on Monday, bouncing well above last Friday's low at $820 to touch $860 an ounce as world stock markets sank in the face of desperate promises of Tax-Funded Aid from major governments.Read full article... Read full article...
Sunday, October 05, 2008
Gold Stock Investors Looking at Huge Losses / Commodities / Gold & Silver
By: Merv_Burak
The magnification factor at work, on the down side. Gold drops less than 5% while gold stocks drop more than 15%. It worked on the up side, now we see it working on the down side. Although a long term bear market in gold bullion may be argued it sure is a bear for stocks with the average stock down 52% since their highs only a few months back. Read full article... Read full article...
Friday, October 03, 2008
Central Bank Gold Sales Coming to an End? / Commodities / Gold & Silver
By: Julian_DW_Phillips
In the week ending 26th September 2008, the final week of the fourth year of the Central Bank Gold Agreement, two Eurosystem central banks sold less than 1 tonne of gold to complete the fourth year's sales. This makes a total for the year at around 345.5 tonnes of gold sold by the signatories. Read full article... Read full article...
Friday, October 03, 2008
Gold Falls with Euro, Stock Markets, Crude Oil & US Jobs / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES fell hard into the Wall Street opening on Friday, losing 2% to reach a new two-week low of $824 an ounce as Asian stock markets closed sharply lower.European shares reversed earlier gains. Crude oil slid back to $94 per barrel.
Read full article... Read full article...
Friday, October 03, 2008
Gold Sharp Fall Despite Surging Investor Demand Blamed on Short-sellers / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell sharply yesterday on lower oil prices and the recently surging dollar, despite unprecedented physical demand for coins and bars in the UK, US and internationally ( gold closed at $840.40 down $40.20 while silver closed at $11.57 down $1.04 ). As warned yesterday, anything is possible in the short term in these markets and leveraged trading in futures, CFDs and spread betting is an extremely high risk endeavour in the current markets and not advisable.
Read full article... Read full article...
Thursday, October 02, 2008
Resolve the Credit Crisis by Recapitalising the Banks with Gold / Commodities / Gold & Silver
By: Professor_Emeritus
Privatising profits, socializing losses (The Gold Standard Strikes Back... Part 2)
The 0.7 trillion dollar bailout plan of Treasury Secretary Paulson must be seen for what it is: a scheme to privatize profits while socializing losses. The scare tactics with which he was trying to railroad it through Congress has failed and the world is better for it. The malady has to be diagnosed properly. I summarize the popular diagnosis in five points.
Read full article... Read full article...
Thursday, October 02, 2008
Gold Awaits US Bail-Out Final Approval / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD sank 2.1% Thursday morning in London, dropping to a two-week low near $850 an ounce – the very peak of gold's last bull in Jan. 1980.
Asian stock markets closed the day lower, while European shares gave back an early rally despite the overnight vote in Washington supporting the $700 billion bail-out for banks.
Read full article... Read full article...
Thursday, October 02, 2008
Central Banks Starting to Buy Gold? / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose yesterday despite continuing dollar strength and falling oil prices ( gold closed at $880.80 up $6.80 while s ilver closed at $12.71 up 53 cents ). Once again in after hours trading there was determined selli ng which pushed the price as low as $862/oz in Asia prior to rallying in early European trade to over $870 /oz.Read full article... Read full article...
Thursday, October 02, 2008
How to Ride the Coming Precious Metals Rally / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brodrick writes: Global markets are whipsawing right now as the Federal Government tries to put out a fire in the credit markets with a flood of liquidity. But the rescue plan is failing. As a result, credit markets are spiraling into a deep freeze, threatening to destabilize the U.S. dollar.
Investors are running for cover ... because it sure beats jumping out the windows. Cash is good, to be sure. But if you're looking for your own golden parachute, consider my favorite yellow metal.
Read full article... Read full article...
Wednesday, October 01, 2008
Financial Panic Sees Socialists Fighting to Save Capitalism / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF SPOT GOLD bounced 1.6% from an overnight low of $860 on Wednesday, steadying at $876 an ounce as Western stock markets ticked higher despite a raft of miserable Eurozone data. Crude oil rose back above $100 per barrel, while long-dated government bonds continued to rise in price, pushing yields still further below the rate of inflation.
Read full article... Read full article...
Wednesday, October 01, 2008
Greenspan: Gold is "the Ultimate Form of Payment in the World" due to "Fiat Money in Extremis" / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell yesterday as the dollar rallied ( gold closed at $874.00 down $14.4 0 while silver closed at $12.18 down 75 cents ). In after hours trading there was determined selling which pushed the price as low as $860 prior to rallying above the New York close and as high as over $883/oz. Read full article... Read full article...
Tuesday, September 30, 2008
Gold: Artificial Interference or Market Forces? / Commodities / Gold & Silver
By: Brian_Bloom
Note the gap which manifested this morningRead full article... Read full article...
Tuesday, September 30, 2008
Financial Crisis Worst Case Scenario- How Should I own Gold? / Commodities / Gold & Silver
By: David_Haas
Editor's Note: This article is written to address “worst-case” scenarios that should be considered as part of a comprehensive strategic wealth management plan. The author does not anticipate or predict that any such scenarios would or will materialize. However, planning for the worst while hoping for the best has always been excellent advice in both personal and business strategy and prudent planning may secure options for those who have planned appropriately. While reading, bear in mind that the probability of a worst-case scenario developing is always greater than zero and there are times when such a probability is considerably higher. Current events would appear to be raising the likelihood of financial and societal problems more severe than have been experienced in several generations. Read full article... Read full article...
Tuesday, September 30, 2008
Louis James "I am Buying All the Gold Bullion I Can" / Commodities / Gold & Silver
By: The_Gold_Report
In this exclusive interview with The Gold Report, Louis James, Senior Editor of Doug Casey's International Speculator, describes a currency crisis of historic proportions that is dragging our economy down a dark and treacherous path lit only by the shining star of gold. James expects twists and turns in the precious metals sector and maintains his focus on the long-term bull trend. What stuns him, though, is the fact that Americans aren't "shouting in the streets" in panic now that the dollar is on death row with no pardon in sight. Read full article... Read full article...
Tuesday, September 30, 2008
Gold Holding Up Well Despite US Dollar Strength / Commodities / Gold & Silver
By: Mike_Paulenoff
Strangely, or counter-intuitively, the Dollar has strengthened (vs. the Euro) during a crisis precipitated by a US-derived financial and banking debacle! How could this be the case? Perhaps perceptions have emerged that Europe is in worse shape than the US? Perhaps in spite of everything, the world's investors still need to be in Dollars to access US Treasury paper? Or, perhaps, the Central Banks have coordinated efforts to support the Dollar during this financial panic to avert a Reserve Currency crisis too? Read full article... Read full article...
Tuesday, September 30, 2008
Gold Sharp Drop Amidst Financial Market Turbulence / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES fell sharply early Tuesday, reversing the multi-month highs hit overnight to trade below $881 an ounce as US stock markets bounced hard from Monday's record-breaking collapse – the worst one-day slide since Black Monday 1987.Oil turned higher from this week's 12% loss so far, while the Dollar held steady vs. the Euro and Sterling on the currency market.
Read full article... Read full article...
Tuesday, September 30, 2008
Gold at $1125 Per Ounce Now / Commodities / Gold & Silver
By: Neil_Charnock
That is not a miss-quote it is the price of gold in Aussie dollars as I turn on my computer this morning. The worst of our fears have emerged for the financial system and it is too late for blame and I see no point in that anyway. It is not a constructive state of mind and more than ever people need to be constructive in this climate.
I managed to rescue my own father from the crisis only very recently – he refused to listen to me in years past but he did ask me to talk to his “Financial Advisor” to see if Charlie thought my thesis about gold and silver had merit. That was about 4 – 5 years ago. I will put Charlie's reply politely – “time is money and you are wasting mine so go away and stop bothering me”.
Read full article... Read full article...
Tuesday, September 30, 2008
Gold Decoupling from other Commodities Hit by Demand Destruction / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose yesterday on bank failures and systemic fears in Europe and after the U.S. Congress voted against the Paulson and Bush bailout plan ( gold closed at $88 8.4 0 up $ 7.2 0 while silver closed at $12.93 down 45 cents ). Subsequently, gold surged in after hours and in early Asian trading rising to over $923/oz.Read full article... Read full article...
Monday, September 29, 2008
Gold Bull Market Trend Forecast / News_Letter / Gold & Silver
By: NewsLetter
September 23rd , 2008 Issue #28 Vol. 2 Dear Reader, Leaving aside the historic credit crisis events of last week to approach the Gold market on a purely technical basis following the breakout above $850 last week. This article therefore is an update to my existing series of analysis of the last 6 months which has been consistently bearish of Gold (articles archive) during which time Gold has witnessed a decline from $1033 in March to $740 earlier this month.Read full article... Read full article...
Monday, September 29, 2008
Institutions Dump Stocks for Gold as Confidence in Financial Markets Evaporates / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD BULLION PRICES recovered an early 1% dip vs. the Dollar and leapt against other key currencies on Monday, as a wave of bank failures and emergency rescues across Europe drove Treasury bond prices higher, forcing the yield offered to new buyers still further below the rate of inflation.World stock markets sank, cutting 3% off European blue-chips and driving Tokyo's Nikkei index towards fresh three-year lows, while the price of crude oil slid more than $4 per barrel to $102.70 amid the panic.
Read full article... Read full article...
Monday, September 29, 2008
Gold Soars as Perfect Storm Hits Stock Markets / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver rose slightly Friday ( gold closed at $ 881.20 up $6.80 while s ilver closed at $13.38 up 19 cents ). They were thus higher (gold by 2% and silver by 8%) for a second consecutive week which is very bullish from a technical basis and with momentum and the trend now up it looks like the sell off is over and we should reach $1,000/oz in the coming weeks. Read full article... Read full article...
Sunday, September 28, 2008
Gold Marks Time, Gold Stocks Trend Still Extremely Bearish / Commodities / Gold & Silver
By: Merv_Burak
After a sharp move on Monday it seemed that gold bugs just threw in the towel and stepped to the sidelines. The rest of the week was basically a lateral move with a downside bias. Everyone is now waiting for this week to see what the politicians will do.
GOLD : LONG TERM Two weeks ago I showed the long term P&F chart dating back to the start of this long bull trend (interspersed with some short downer periods). I thought it was appropriate to update it as the chart is in a very interesting position. Although the bull break had been a very weak one with a projection only to the $930 level, which it almost reached, the subsequent consolidation on the chart suggests that a more major move may be ahead.
Read full article... Read full article...
Saturday, September 27, 2008
Gold Asset Class of Choice For Weathering the Financial Storm / Commodities / Gold & Silver
By: The_Gold_Report
What's happening now is panic, says Joseph McAlinden, who thinks that the financial system will survive it and that a year from now the Dow will be dramatically higher. Chairman and CEO of Catalpa Capital LLC, and former managing director and global chief investment officer for Morgan Stanley Investment Management, McAlinden believes gold continues to be an asset class of choice, despite the decline during the late summer sell-off. Read full article... Read full article...
Friday, September 26, 2008
Crunch Time for Gold Bulls / Commodities / Gold & Silver
By: Brian_Bloom
It's a lonely feeling being the only guy in the room on the other side of the table. But then, it's not about winning friends and influencing people. And it's not about being contrary for the sake of it. It's about ignoring all the emotional static in the room and focussing on the facts.Read full article... Read full article...
Friday, September 26, 2008
WaMu Collapses, US Bailout Plan Stalls Favouring Gold / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD reversed an early 1.1% dip on Friday, touching $890 per ounce as world stock markets fell almost one-tenth from the start of Sept. and investment funds fled back into government bonds after the US banking bail-out plan hit the buffers in Washington.The US Dollar ticked lower on the currency markets. Crude oil slipped 2% to $105 per barrel.
Read full article... Read full article...
Friday, September 26, 2008
Bailout or No Bailout, Gold is Going a Lot Higher / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver fell yesterday ( gold closed at $ 874.40 down $13.30 cents while silver closed at $13.19 down 18 cents ) despite the wider markets becoming increasingly nervous regarding the possible US bailout .Read full article... Read full article...
Thursday, September 25, 2008
How to Buy Silver by Taking Delivery of a Futures Contract / Commodities / Gold & Silver
By: David_Morgan
Precious Metals in the Physical Realm - This week I thought I would take a question and add some comments.
Dear David,
I wanted to get your thoughts on this response by Richard Russell. He makes an interesting point! We are already seeing trading physical precious metals in a market disrupted by shortages. (Name withheld upon request)
Read full article... Read full article...
Thursday, September 25, 2008
Paulson's Bailout Package Impact on Gold and US Dollar / Commodities / Gold & Silver
By: Julian_DW_Phillips
Global background on the gold and silver markets
- The U.S. $ rose from $1.60 to $1.39 to the € in the recent rally against the €, and is currently standing at $1.47. Most of the fall of the $ was seen as an effect of the Wall Street investment banks implosion that occurred at the end of last week. The Treasury Secretary of the U.S.A., Hank Paulson, has put together a package that is likely to be passed by the U.S. Congress by the end of this week. Paulson hopes that by buying $ 700+ billion in ‘toxic debt' from the Balance Sheets of the U.S. banking system and placing it on the shoulders of the U.S. Federal Reserve, they will remove the threat posed to the entire U.S. financial system. In the process, the Fed is exponentially increasing its own balance sheet to accommodate the move. Will this convince foreigners responsible for the exchange rate of the U.S. $?
Thursday, September 25, 2008
The Return of the Gold Standard After 36 Years / Commodities / Gold & Silver
By: Professor_Emeritus
“Two legs bad, four legs good!” There were two main direct assaults on the gold standard by the American government: the first on the watch of a Democratic president, Franklin D. Roosevelt, when the U.S. defaulted on its domestic gold obligations in 1933; the second on the watch of a Republican president, Richard Nixon, when the U.S. defaulted on its international gold obligations in 1971. In each case, the gold standard struck back.
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Thursday, September 25, 2008
Run on Hong Kong Bank, Gold Safe haven Status Reinforced / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD BULLION bounced from its third drop to $880 in three days early Thursday, recording a London Fix of $889 per ounce as Asian stock markets closed lower for the 11th time in 17 sessions.Crude oil slid 2% to $103 per barrel, while US Treasury bonds rose, pushing the annualized yield offered by 3-month notes down to 0.45%.
Read full article... Read full article...
Thursday, September 25, 2008
Gold Physical Demand Surges on Inflation and Systemic Risk / Commodities / Gold & Silver
By: Mark_OByrne
Gold was flat while silver rose yesterday ( gold closed at $ 887.70 up 90 cents while silver closed at $13.37 up 25 cents ) as gold continued to consolidate near eight week highs . The COMEX October gold contract expires later today and there are significant levels of open interest between $890 and $910 which may see bullion constrained until the contract expires whereupon we may see further moves to the upside. $950/oz remains a realistic target by the end of the month.Read full article... Read full article...
Wednesday, September 24, 2008
Building Bullish Coil-Type Pattern for Gold / Commodities / Gold & Silver
By: Mike_Paulenoff
Since last Thursday's high, the SPDR Gold Shares (NYSE: GLD) has carved out a series of higher lows on pullbacks, juxtaposed against lower highs on rallies, which has carved out a coil-type of near-term pattern. To the extent that pullback low at 86.72 continues to contain any forthcoming weakness, the current coil parameters will remain intact and call for an approaching thrust to the upside that has the potential to propel the GLD to 92.50-93.00. However, a downside violation of 86.72 will morph the current coil pattern into some other form -- perhaps a coil with different (wider) coordinates? In any case, for the time being the "original" coil pattern remains intact and continues to govern my very near-term analysis.Read full article... Read full article...
Wednesday, September 24, 2008
Mega Bailout Extremely Bullish for Gold / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brodrick writes: Treasury Secretary Paulson and Congress are hammering out details of the government's rescue plan for financial institutions, and we don't know what final impact it will have on the debt crisis. But I can tell you one thing — it's going to drive gold prices higher.
In this plan, the government is squirting out hundreds of billions of dollars through a fire hose. That is inherently inflationary and should pump up the price of gold.
Read full article... Read full article...
Wednesday, September 24, 2008
Bailout Money Printing Signals Gold $1000+ / Commodities / Gold & Silver
By: Adrian_Ash
GLOBAL GOLD PRICES slipped early Wednesday, bouncing from an overnight low of $878 to record an AM Gold Fix in London some 0.4% below Tuesday morning.Asian and European stock markets held flat, meantime, as did the US Dollar against its major competitors on the currency markets.
Read full article... Read full article...
Wednesday, September 24, 2008
Gold's Strongly Bullish Fundamentals / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver fell yesterday ( both by about 2% ) on profit taking before rallying again in after hours trading and then falling in Asia . Volatility remains at a fever pitch in all markets. Gold remains in a range between $850/oz and $910/oz and may need further consolidation at these levels prior to further gains.Read full article... Read full article...
Tuesday, September 23, 2008
Gold Bull Market Trend Forecast / Commodities / Gold & Silver
By: Nadeem_Walayat
Leaving aside the historic credit crisis events of last week to approach the Gold market on a purely technical basis following the breakout above $850 last week. This article therefore is an update to my existing series of analysis of the last 6 months which has been consistently bearish of Gold (articles archive) during which time Gold has witnessed a decline from $1033 in March to $740 earlier this month. Read full article... Read full article...
Tuesday, September 23, 2008
Nadeem: Personal Thoughts on Gold and a Gold Standard / Commodities / Gold & Silver
By: Brian_Bloom
Hi Nadeem,
I commend you for your courage and integrity in publishing that with which you disagree. There are some editors of some web sites who haven't been behaving like you have.
Of course, you may be right that the gold price is positioning to explode upwards and I may be excessively conservative – but here is a chart of the US Dollar reproduced from an article by Clive Maund, for whom I have enormous respect as a technical analyst.
Read full article... Read full article...
Tuesday, September 23, 2008
Gold Price Forecast to March 2009 / Commodities / Gold & Silver
By: INO
We are the government, we're here to help.
I believe the only help the government gave us last week was pushing gold prices higher. During last week's massive bailout and intervention in the credit markets one of the few markets to close higher for the week was gold. This tells you a tremendous amount about how traders are thinking about the future. Read full article... Read full article...
Tuesday, September 23, 2008
A Dangerous and Deceptive Gold Market / Commodities / Gold & Silver
By: Brian_Bloom
For some months, this analyst has been urging readers to focus more on capital preservation than on capital growth. This is not as simple a concept as it seems.
For example, it is “obvious” – to those who have no faith in the US economy and/or the US Dollar – that gold is one place where the prudent investor should be invested.
Read full article... Read full article...
Tuesday, September 23, 2008
US Treasury Inflationary Bail-Out to Include Curb on Inflation-Hedge Investments / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION PRICES slipped 2.1% early Tuesday from an overnight high of $910 per ounce, but the London Fix recorded its best level in seven weeks as Western stock markets tumbled yet again. Crude oil retreated to $107 per barrel after the "front-month" contract moved onto November.
Read full article... Read full article...
Tuesday, September 23, 2008
Precious Metals Surge on Prospects of $1 Trillion US Budget Deficit / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver surged again yesterday (up 5 % and nearly 8 % respectively) as the serious inflationary consequences of the Treasury's unprecedented plan to buy up at least $700 billion of toxic assets was realised. Gold surged from $861.40 to close over $900/oz but has since given up some of its gains, likely on profit taking.Read full article... Read full article...
Monday, September 22, 2008
Mounting Upward Pressure on Gold / Commodities / Gold & Silver
By: Mike_Paulenoff
The only thing my work is telling me for certain in the SPDR Gold Shares (NYSE: GLD) is that the upmove off of the 9/11 low at 72.51 needs a new high (above the 9/15 high at 90.78) prior to completion. The only issue for me is whether the GLD will pull back towards 85.50-85.00 prior to the surge above 90.78, or if the price structure is in the thrust right now?Read full article... Read full article...
Monday, September 22, 2008
Gold Extends Gains as Investors Seek Transparency of the Physical Metal / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES extended last week's 13% gain early Monday, nearing Wednesday's six-week high of $892 per ounce as the US Dollar tumbled on the foreign exchanges and world stock markets retreated from Friday's "big bail out" surge.
Pointing to the US Treasury's plans for a $700 billion "resolution trust" for toxic mortgage-backed securities, "the US Dollar's response last week was further depreciation," notes Walter de Wet at Standard Bank.
Read full article... Read full article...
Sunday, September 21, 2008
Silver Is the ONLY Asset that Is NOT Someone Else's Liability / Commodities / Gold & Silver
By: David_Morgan
Before sending me an e-mail telling me I am wrong, let me admit it!! I am WRONG -- silver is not the only asset that is not someone else's liability. But some of the staunchest "Gold Bugs" have it wrong and insist that gold is the only asset. In fact, fully-owned lumber or land or even an apple orchard are assets, and again, if owned outright would be an asset without a liability. Read full article... Read full article...
Sunday, September 21, 2008
Silver Significantly Weaker Trend Pattern than Gold / Commodities / Gold & Silver
By: Clive_Maund
Although silver investors may be understandably disappointed at its rather muted rally last week compared to that in gold, we should keep in mind that silver makes its best gains towards the end of gold uptrends, not at the start of them, which is where we are now. In the last update a snapback rally was predicted for silver on account of its severely oversold condition and proximity of strong underlying support and this is what we are now seeing.Read full article... Read full article...
Sunday, September 21, 2008
Gold Price Spike Breakout or Temporary? / Commodities / Gold & Silver
By: Clive_Maund
Although gold staged an amazingly powerful rally last Wednesday and Thursday, some are worried that the reaction on Friday, seemingly in response to the newly hatched "bailout plan" by the government and the Fed, marks the start of a slump back into obscurity as the bailout plan "works", so that last week's sharp rally turns out to have been nothing but a temporary spike. So let's make several things clear. Read full article... Read full article...
Sunday, September 21, 2008
Gold Benefits from US Fed Surging Bank Credit Growth / Commodities / Gold & Silver
By: Ned_W_Schmidt
U.S. Secretary of the Treasury & Free Lunches has done Gold investors an incredible favor. While not benefiting immediately as did those owning bank stocks, we will over time. With U.S. government now assuming responsibility for financial assets of dubious value, U.S. government has committed itself to nearly unlimited funding of U.S. housing market, and every other industry with political clout. One consequence may be that Federal Reserve loses control of monetary policy. Will the Federal Reserve now need to monetize U.S. government debt in unlimited fashion? Read full article... Read full article...
Sunday, September 21, 2008
Gold Explodes Higher as US Treasury Builds Toxic Bond Portfolio / Commodities / Gold & Silver
By: Joe_Nicholson
“We shouldn't be surprised to see gold near $900 and silver near $15 in the short term, though this won't necessarily mean a bottom is in place. ~ Precious Points: Topping the Copper Top, August 30, 2008
“Just how much money is there? The answer, of course, is virtually infinite. In the short term, precious metals will continue to trade along with many commodities opposite the dollar, which may be bullish because many commodities appear ready for a relief rally as the dollar prepares to consolidate.” ~ Precious Points: Full Faith and Credit, September 6, 2008
Read full article... Read full article...
Sunday, September 21, 2008
Gold- What the Heck is Going ON? / Commodities / Gold & Silver
By: Merv_Burak
Boy! What a week. Nobody seems to have a handle on what the heck is really going on. After a sharp day and a half of upside moves gold seems to have stabilized but with an upward bias. To try and guess what's to come would be foolish in this market so let's just see where we are and not worry to much about which way gold will go. It will get there, wherever there is. Read full article... Read full article...
Friday, September 19, 2008
The End of Central Bank Gold Selling? / Commodities / Gold & Silver
By: Julian_DW_Phillips
We are close to the end of the fourth year out of the five years of the second Central Bank Gold Agreement in which a ‘ceiling' was placed on the sales of gold by the signatories to this agreement of 500 tonnes a year. This piece looks at the prospects for sales by these signatories in the final year of the agreement and the prospects of a third agreement, which would govern sales of gold in the ‘open' market. Read full article... Read full article...
Thursday, September 18, 2008
Gold Soars to $893: Finally, the Wait is Over! / Commodities / Gold & Silver
By: John_Lee
The financial crisis is fast unfolding as Fannie Mae, Freddie Mac, AIG, Lehman, Merrill Lynch, Washington Mutual and Wachovia are joining Countrywide, Bear Stearns and company in their disappearing acts.Read full article... Read full article...
Thursday, September 18, 2008
Gold Forecast Target $2,500 and Silver $250 / Commodities / Gold & Silver
By: Peter_Degraaf
That's ridiculous' I can hear someone saying. But is it really all that far-fetched?
Let's begin by adjusting the previous high gold price of $850 set in 1980, into today's dollar value. By using the US government's own inflation calculator (bls.gov/data/inflation-calculator.htm or simply Google ‘BLS inflation calculator'), we find out that gold should be trading at $2,260 to match the 1980 high of $850
Read full article... Read full article...
Thursday, September 18, 2008
Gold's Safe-Haven Status Confirmed / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD rose to $880 an ounce early Thursday – more than $100 above Wednesday's US opening – as world stock markets bounced on a "liquidity injection" of $242 billion from the big central banks, led by the Federal Reserve.Wednesday's sudden 10% jump in Gold came after the US Treasury said it had recapitalized the Federal Reserve's own balance-sheet with $40 billion.
Read full article... Read full article...
Thursday, September 18, 2008
Gold Largest One Day Price Rise in History / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver surged yesterday with gold up $69.30 to $847.30/oz and silver up $1.11 to $11.59/oz. Gold surged by 8.9% to $847.30 (silver +10.6%) at the close in New York and continued to surge in electronic trading to over $870/oz. Asian trading saw the surge continue and gold traded as high as $893/oz. Gold subsequently fell prior to rising to some $870/oz as markets began trading in London. These are unprecedented movements and gold rose from a low of $780 to a high of $893 or more than 14% in less than 24 hours. There is some confusion but some analysts say this is the largest one day dollar price move since 1980 and some saying the largest ever.
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Wednesday, September 17, 2008
Gold Upside Acceleration on Fears of Banking System Collapse / Commodities / Gold & Silver
By: Mike_Paulenoff
The big picture in the SPDR Gold Shares (NYSE: GLD) shows today's powerful upside acceleration from 77.00 to 82.00 amidst very strong and confirming underlying daily momentum RSI readings. The pattern, momentum, and pervasive fear that the US banking system has been compromised is fueling the run into gold and gold stocks, at least for now. My next optimal target zone in the GLD is 83.50-84.50.Read full article... Read full article...
Tuesday, September 16, 2008
Gold Market Bull or Bear? / Commodities / Gold & Silver
By: David_Vaughn
A Carnegie Mellon Professor gave what turned out to be his last lecture this past year. Professor Randy Pausch died just this last summer of cancer. His last lecture achieved remarkable attention. More than he ever expected. His principle theme in the lecture was advice to college students about how to pursue their career and attain their personal goals. The lecture was one of the most powerful given concerning offering hope and optimism. The message seemed to ignite over the Internet ultimately being heard by millions. Professor Pausch said that the lecture was primarily a message to his children to give them their fathers' testimonial before dying of cancer that he had been fighting for two years.Read full article... Read full article...
Tuesday, September 16, 2008
Gold Rises as Stock Markets Tumble / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered an early 2.1% tumble on Tuesday, rising above $780 an ounce as Japan's Nikkei stock index closed almost 5% lower after Tokyo traders got back to work following a public holiday on Monday.
The Japanese Yen shot 3% higher on the forex market as "carry trade" debts – used to fund better-paying trades outside zero-interest-rate Japan – were pulled home in response to the weekend's demise of Lehman Bros. and Merrill Lynch, plus the ongoing threat of collapse at Washington Mutual and AIG.
Read full article... Read full article...
Tuesday, September 16, 2008
Gold and Silver Safe-havens in Face of Global Financial Meltdown / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver rallied Monday as the crisis on Wall Street worsened with gold up $21.70 to $782 and silver up 28 cents to $11.02. Gold fell slightly in Asian trading but has risen in early European trading to $780/oz. Gold's resilience is impressive considering the bloodbath seen in the oil pits where oil has fallen another 4% to below $92 per barrel (Light Sweet Crude Oil Future - Combined - OCT08). Other non currency commodities have also fallen sharply.
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Monday, September 15, 2008
Gold Spikes as Central Banks Unleash Emergency Funding / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES jumped 2.6% at the Asian opening on Monday but drifted back to $770 an ounce as world stock markets sank and money fled into government bonds following the overnight demise of two Wall Street giants.Lehman Brothers – a major player in the commodity futures market – filed for Chapter 11 bankruptcy just as the London Stock Exchange opened for business today, driving the FTSE100 share index more than 3.4% below Friday's close.
Read full article... Read full article...
Monday, September 15, 2008
Has SIlver 50% Price Crash Hit Bottom? / Commodities / Gold & Silver
By: Clive_Maund
It is not for nothing that silver is called "poor man's gold" for when the going gets tough it's the poor who disappear first under the wheels of the rich man's carriage. Thus, while the commodities rout has resulted in gold dropping by about a quarter from its highs, silver has plunged by a staggering 50%. In the last update we thought it had bottomed at about $12.30 as it was so oversold, but after a brief recovery rally it fell even further to an intraday low at about $10.20 on Thursday, hammered lower by continued dollar strength. Now, however, with signs that gold has hit bottom, or is about to, and good reasons to believe that the dollar is topping out, as set out in the Gold Market update, the savage decline in silver looks to have about run its course. Read full article... Read full article...
Sunday, September 14, 2008
Gold Extremely Oversold Suggests Imminent Bottom / Commodities / Gold & Silver
By: Clive_Maund
A confluence of factors suggests that we have just seen the bottom in gold and silver, or if not that the bottom is very close. The last update called the bottom too early as renewed dollar strength resulted in another downleg in the metals. After the recent heavy losses it may come as something of a surprise to many that the long-term chart for gold still looks positive, with the drop looking like a fairly normal correction.Read full article... Read full article...
Saturday, September 13, 2008
Gold Boxed-in Wating for Bullish or Bearish Breakout / Commodities / Gold & Silver
By: Merv_Burak
Tuesday took all of the steam out of the two week rally but then that was it. The rest of the week was basically a lateral drift. More downside or continued upside? Let's see.
GOLD : LONG TERM - The week's activity still did nothing for the long term. The P&F chart continues to be bearish and the indicators are all in the negative zone. On the long term the rating remains BEARISH until some more significant market action takes place.
Read full article... Read full article...
Friday, September 12, 2008
Commodities and Oil Bull Markets Crushed / Commodities / Gold & Silver
By: Zeal_LLC
After starting to recover a bit in mid-August, commodities have just been crushed in September. Selling is overwhelming and universal, shattering countless technical support lines. Investors' capital is being destroyed at a breathtaking rate. Fears are running very high and the financial media is gleefully declaring that “the commodities bubble has burst”.
Being heavily invested in this commodities bull myself, the intense selling in the last couple of weeks has indeed been painful. From the blizzard of e-mails I've received, it's apparent that even long-time investors are losing faith in this bull's longevity. As always during such a brutal hammering, capitulation is tempting. That's our natural human instinct when the markets move against us fast and hard.
Read full article... Read full article...
Friday, September 12, 2008
Gold Bounces on Building Treasury Bonds Deflation Trade / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES for physical metal rose steadily overnight in Asia and London on Friday, bouncing 2.8% from yesterday's 11-month low to touch $758 an ounce as world stock markets also ticked higher.Crude oil struggled above $102 per barrel despite Hurricane Ike strengthening as it heads for the oil-rich Texas coast.
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Friday, September 12, 2008
Gold Very Oversold, US Dollar Very Overbought / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down again yesterday and fell to new 11 month lows at $742. Gold recovered in afterhours electronic trading and in Asian and early European trading today it has risen to over $755/oz. The dollar has fallen from recent highs against the euro of 1.3879 to less than 1.41 and oil has risen again on fears that Hurricane Ike may do more damage than expected to oil production facilities in the Gulf of Mexico.Read full article... Read full article...
Friday, September 12, 2008
Gold $2,000 an Ounce What Happened? / Commodities / Gold & Silver
By: INO
To many it is quite surprising that gold is getting closer to 700 an ounce rather than the 2,000 many were calling for. When gold was trading at the 1,000 level many people were expecting this market to zoom to 2,000 an ounce. When we first suggested that gold had actually given us a sell signal we received numerous e-mails, many of which were not flattering and some were just downright ugly. "How could you short gold are you an imbecile" and that was one of the nicer emails.
Read full article... Read full article...
Friday, September 12, 2008
Gold Price Manipulation or Deflationary Crash? / Commodities / Gold & Silver
By: Richard_J_Greene
The relentless selling we have seen over the past month in precious metals was kicked off by the manipulative interventions occurring right around the time of the Fannie Mae and Freddie Mac implosions in mid-July. Unprecedented short selling by two major banks in the futures market along with waves of naked short selling of resource stocks pushed indices and stocks through technical support on charts. Yamana Gold, which is one of the most successful gold companies saw short interest rise 72% in the first two weeks of August (without counting all the naked shorts). There is no reason to short this stock; it has been a star performer. Many investors have given up and portfolio managers that haven't given up are now forced to sell due to redemptions. These investors believe that the market is telling them a message and don't realize it is not a market message but a heavily controlled manipulation to make them believe so and to dupe them out of their positions. Read full article... Read full article...
Thursday, September 11, 2008
Gold Crashes Through Support on Hedge Fund Selling / Commodities / Gold & Silver
By: Mark_OByrne
THE PRICE OF GOLD fell yet again early in London on Thursday, slumping from an overnight floor of $756 to reach a new 11-month low at $739 per ounce.World stock markets fell for the seventh Sept. session in nine as investors fled all asset classes for cash, dragging Russian equities to a new two-year low and pulling Taiwanese stocks to their worst average since late 2005.
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Thursday, September 11, 2008
Gold Selloff Continues as Hedge Funds Deleverage / Commodities / Gold & Silver
By: Mark_OByrne
Gold's sell off continued yesterday and gold has fallen to new 11 month lows. Gold recovered slightly in Asian trading before a further sell off in early European trading. Gold remains under serious pressure as the dollar's rally has continued with the dollar reaching a 1 year high against the euro of $1.3890. Meanwhile, oil has fallen again and NYMEX sweet crude is now near the psychological $100 level.Read full article... Read full article...
Thursday, September 11, 2008
The Rebirth Of Gold And Silver Bull Market / Commodities / Gold & Silver
By: Roland_Watson
Back in April I wrote an article entitled "The Death of Gold" which suggested a longer term correction was on the cards for gold. I was partly led to that conclusion by the headline article below from The London Times dated 14th March 2008. Three days later gold topped at $1032 and has dropped as much as $773 for a 25% correction. Silver has not surprisingly fared worse with a drop as great as 45% due to its thinner and more volatile markets. Read full article... Read full article...
Wednesday, September 10, 2008
Gold Sinks to Test Critical Support Level / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD sank in Asia early Wednesday, falling 2.5% from the New York close to bounce off an 11-month low and hold around $774 in the first-half of London dealing.This fresh sell-off in Gold came as world stock markets also fell once again, erasing Monday's "Fannie-n-Freddie" bounce on the back of Wall Street's worst down-day of 2008 so far.
Read full article... Read full article...
Wednesday, September 10, 2008
Gold Falls Back below $800 Towards Support at $780 / Commodities / Gold & Silver
By: Mark_OByrne
Gold's sell off continued yesterday and despite mounting concerns about the health of the U.S. financial system, gold has fallen to 11 month lows. After closing below recent support at $780, gold continued to fall in afterhours electronic trading before a slight recovery in Asian and early European trading.Read full article... Read full article...
Tuesday, September 09, 2008
Investors Panicking Out of Gold is Not the Answer / Commodities / Gold & Silver
By: Chris_Galakoutis
Watching the US markets, including the dollar, rally of late in light of the stream of horrific economic news, including this past weekend's announcement of a historic US government bailout of Fannie Mae and Freddie Mac, was sort of like watching Barry Bonds chase down Hank Aaron's all-time baseball home run record last year.Read full article... Read full article...
Tuesday, September 09, 2008
Gold Trades in Narrow Range Despite Supply Shortfalls / Commodities / Gold & Silver
By: Mark_OByrne
After initial falls, gold has rallied in morning trade in London as the dollar has given up some of its recent sharp gains. Gold's rise comes despite the further fall in oil prices but gold remains firmly in its recent narrow range between $780 and $840.Read full article... Read full article...
Tuesday, September 09, 2008
Physical Gold for Sound Money and Trustworthy Governments / Commodities / Gold & Silver
By: Dr_Ron_Paul
Last week I discussed how sound money contributes to peaceful relationships around the world. It is not gold, in and of itself that excites me, but the many benefits of sound money. Another benefit is financial security.Read full article... Read full article...
Monday, September 08, 2008
Intraday Spot Gold Trading with GLD ETF / Commodities / Gold & Silver
By: Chris_Vermeulen
Today was another one of those great days for a spot gold trade using the free intraday charts by Kitco. I'm not sure if anyone watched the free Kitco 24 Hour Spot Gold Chart which is shown below but I watch it like a hawk. It doesn't take long to get a feel for how gold moves through out the 24hr day. Once you get a feel for it and see the same things happen every week opportunities start to pop up on the radar.Read full article... Read full article...
Monday, September 08, 2008
Driving Forces for Gold for the Rest of 2008 / Commodities / Gold & Silver
By: Michael_J_Kosares
"The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden spark will catalyze a Crisis mood. Remnants of the old social order will disintegrate. Political and economic trust will implode. Real hardship will beset the land, with severe distress that could involve questions of class, race, nation, and empire." -- William Strauss and Neil Howe, The Fourth Turning , 1997 Read full article... Read full article...
Monday, September 08, 2008
Gold Battered by Fannie, Freddie Nationalization / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD whipped violently in Asian trade on Monday, shooting 1.8% higher after the US government nationalized the massive Freddie Max and Fannie Mae mortgage lenders, before giving back $10 of that move to trade at $808 an ounce by lunchtime in London. World stock markets leapt and government-bond prices fell, meantime, pushing the German Dax index almost 3.4% higher as 10-year Bund yields rose one-tenth of a per cent to 4.10%.
Read full article... Read full article...
Monday, September 08, 2008
Nationalisation of Fannie and Freddie is Bearish for US Dollar, US Stocks and Economy / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged at the open in Asia with news of the de facto nationalisation of the US' mortgage giants in what amounts to the largest bailout in world financial history. It has since given up some of these gains in early trading in Europe due to more counter intuitive dollar strength which looks increasingly overbought.Read full article... Read full article...
Sunday, September 07, 2008
Gold & Silver Long-term Bearish Trend Continues / Commodities / Gold & Silver
By: Merv_Burak
Tuesday took all of the steam out of the two week rally but then that was it. The rest of the week was basically a lateral drift. More downside or continued upside? Let's see.
GOLD : LONG TERM The week's activity still did nothing for the long term. The P&F chart continues to be bearish and the indicators are all in the negative zone. On the long term the rating remains BEARISH until some more significant market action takes place.
Read full article... Read full article...
Saturday, September 06, 2008
US Unemployment Report Saves Gold ...but for how long? / Commodities / Gold & Silver
By: Chip_Hanlon
Friday morning's huge surge in jobless numbers has knocked the dollar, thus causing gold to pop up nearly $20 as I write this near the open. The conclusion's simple enough: such economic weakness will prevent the Fed from raising rates anytime soon (Fed funds futures now suggest only a 2% chance the Fed will raise rates by year-end, down from 40% odds just one month ago).Read full article... Read full article...
Friday, September 05, 2008
Central Banks Drowning in US Dollar Seek to Expand Gold Reserves / Commodities / Gold & Silver
By: Adrian_Ash
"...My God, this is the time. If everyone wants gold we're all going to be ruined, because there is not enough gold to go around..." – J.F.K. to the Fed chairman, Aug. 1962
ONCE UPON A TIME money meant gold (and ever less silver), freely exchanged between private individuals looking to buy and sell, invest and spend.
Read full article... Read full article...
Friday, September 05, 2008
Poor US Unemployment Report Boosts Gold / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose sharply soon after the poor unemployment report as the dollar fell and equities have again come under pressure with sharp falls in international markets.Read full article... Read full article...
Friday, September 05, 2008
Gold Fails to Hold Above $800 in the Face of US Dollar Strength / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES struggled below $800 per ounce in Asia and London on Friday, heading towards a 5% loss for the week as the US Dollar rose yet again versus everything else except Treasury bonds.Crude oil dipped towards $106 per barrel, while the Australian Dollar – a key "commodity currency" – hit new 12-month lows.
Read full article... Read full article...
Thursday, September 04, 2008
Gold Stocks Bull Market and Crash Analysis / Commodities / Gold & Silver
By: Neil_Charnock
This is Part 2 - Big Bang – big bang for your buck – isn't that what investors want? Yes we all want the ten bagger or better. But where is one going to come from next. As I said in the first article – Big Bang Part 1. “Haven't the easy pickings already been taken this far into the PM Bull? After all the low hanging fruit has been taken hasn't it? You can see that from the charts on the HUI and the XAU can't you? That is not to say these magnificent indices will not go higher but I am talking about the easy pickings and leverage.” Read full article... Read full article...
Thursday, September 04, 2008
Gold Bull Market to be Boosted by Paralysed Central Banks / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back half of a 1.6% rally at lunchtime in London on Thursday, trading at $809 per ounce as crude oil prices rose and global stock markets fell once again.Asian-Pacific equities slid for the fourth day running, while German stocks stood 0.8% lower after the European Central Bank (ECB) kept Eurozone interest rates on hold at 4.25%.
Read full article... Read full article...
Thursday, September 04, 2008
Gold Range Trades Pending Bull Market Resumption / Commodities / Gold & Silver
By: Mark_OByrne
Gold was flat in New York yesterday despite the increasingly bullish macro environment. Gold closed at $803.40 down $1.20 and silver closed at $12.92 down 12 cents.
Gold rose in early trading in London but has subsequently given up some of the gains as the dollar has rallied again (1.4456 to the EUR).
Read full article... Read full article...
Wednesday, September 03, 2008
Gold Undergoing New Bearish Consolidation / Commodities / Gold & Silver
By: Mike_Paulenoff
The near-term pattern and technical set-up earlier this morning in spot gold -- which corresponds to the SPDR Gold Shares (NYSE: GLD) for ETF traders -- pointed to an upside thrust to test key near-term resistance at $810.65 concurrent with a test of key near-term euro/$ resistance at 1.4450/80. While the euro did rally a touch above 1.4480, the rally did not sustain, which helped to thwart the rally attempt in spot gold, which failed to claw its way above $810.00. Read full article... Read full article...
Wednesday, September 03, 2008
Strong US Dollar Blasts Gold to Below $800 / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of physical gold sank below yesterday's two-week low early in London on Wednesday, dropping to $790 before bouncing to $801 an ounce as Western stock markets fell sharply.US Treasuries rose, pushing real yields after inflation almost 2% into the red on the 10-year bond, while the Euro slipped below $1.44 on the currency markets – a fresh six-month low.
Read full article... Read full article...
Wednesday, September 03, 2008
Gold Slide Continues Despite Soaring Inflation and Unprecedented Demand / Commodities / Gold & Silver
By: Mark_OByrne
Gold fell in early trading in London on further falls in oil prices ($108.24 a barrel - Light Sweet Crude Oil Future - Combined - OCT08) and on the continuing rally in the dollar (reached 1.4386 to the Euro) but gold has recovered some of its early losses.
Concerns regarding the outlook for corporate profits internationally and for the health of the global economy is weighing on stock markets and should lead to safe haven demand for gold as it did in the first year of the credit crisis.
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Tuesday, September 02, 2008
Gold Used as Political Weapon Could See Bounce Back above $900 / Commodities / Gold & Silver
By: Captain_Hook
Gold is a political metal, where to this day its primary movements are still governed more by politics than any other factor taken in the proper light. You see it's all about the dollar ($), and it's role as global hegemony, where post World War II its imposition as the world's reserve currency was in effect de facto / soft colonialism and economic domination. So, gold's rise since 2001 is actually the measure of global de-colonization in effect, with recent actions taken by Russia in Georgia an acceleration of the trend. That's right, and while Russia may not have the ‘superpower' status it was credited with up until the Union's fall, which accelerated with the dismantling of the Berlin Wall in 1989, it has been re-organized under Putin into a regional power of strategic (perhaps supreme with its energy related stranglehold on the rest of Europe) importance, both economically and militarily once again.Read full article... Read full article...
Tuesday, September 02, 2008
Gold Follows Crudes Slide Lower / Commodities / Gold & Silver
By: Mark_OByrne
In light Labour Day trading gold fell yesterday as Hurricane Gustav did not impact the Gulf of Mexico as severely as had been expected.
Gold has continued to fall in trading in London as oil prices have continued their recent slide and are down nearly 5% to near $105 a barrel (Light Sweet Crude Oil Future - Combined - OCT08) and the dollar has risen to a 7 month high against the euro (below $1.45) and the US dollar index has risen to a 10 month high.
Read full article... Read full article...
Tuesday, September 02, 2008
Gold Targetting ABC Trend to $900 / Commodities / Gold & Silver
By: Joe_Nicholson
“In Elliott wave terms, last week's rally could very well have been a 4 of C consolidation before the final lows. Both gold and silver failed to take out a key support/resistance level just above Friday's closing levels. Neither managed to have their rallies confirmed by MACD, which actually widened negatively in both cases. And, whereas gold is poised for a bearish crossover over the 50-week sma over the 5-, silver has already done it. Both gold and silver remain well below their 5-week moving averages. If this is the beginning of a new leg to the bull market, there's still lots of work to do before we have anything approaching confirmation. ~ Precious Points: One More Low to Go? August 23, 2008Read full article... Read full article...
Monday, September 01, 2008
Gold in a Bull or Bear Market? / Commodities / Gold & Silver
By: Brian_Bloom
First off, let me declare that I am not a congenital bear on gold. Fundamentally, I am convinced that gold is the most valuable commodity on the planet. I just happen to believe that it never was nor ever will be a currency. I hold this belief because the evidence seems to me to point to this conclusion, not because I have some deep seated drive to challenge the combined views of the gold community. Read full article... Read full article...
Monday, September 01, 2008
Gold and Oil Slump as Hurricane Gustav Weakens / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD slipped out of a tight 0.5% range lunchtime in London on Monday, moving below last week's close at $831 per ounce as world stock markets fell and bond prices rose.Crude oil slid back to $114 a barrel as Hurricane Gustav moved towards Louisiana , closing every oil-rig in the Gulf of Mexico but not gaining strength as it approached a near-deserted New Orleans .
Read full article... Read full article...
Monday, September 01, 2008
Australian Gold Production Slumped 13% in the Last Quarter to an 18 Year Low / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged at the open in Asia (from $830/oz to just over $836/oz) but has given up some of the early gains in volatile trade. It remains marginally higher in early trading in London but is under pressure due to continuing dollar strength and the failure of oil to rally significantly despite the threat posed by Hurricane Gustav.Read full article... Read full article...
Monday, September 01, 2008
Gold Short-term Bounce Masks Longer-term Bearish Indicators / Commodities / Gold & Silver
By: Merv_Burak
The market was somewhat positive during the week but that impression seems to fall apart when one takes a good look at the daily figures. Two days on the down side. Two days where gold closed lower than where it opened. Only one day where gold closed higher from the open AND previous close. Read full article... Read full article...
Monday, September 01, 2008
Business Contracts With Clauses for Payment in Gold / Commodities / Gold & Silver
By: Alex_Wallenwein
A recent US Court of Appeals decision puts Congress' 1977 re-authorization of gold clauses back on the map - just in time to help business owners protect themselves from progressive, terminal dollar-decay
Only a few days before publication of this article, the US Court of Appeals for the Sixth Circuit handed down its opinion in 216Jamica Ave. LLC v. S&R Playhouse Realty Co. , holding that a 1982 amendment and assignment of a 1912 lease constituted a "novation" that effectively revived a gold clause that was part of the original lease agreement.
Read full article... Read full article...
Saturday, August 30, 2008
Gold Sale Spurs Manipulation Talk / Commodities / Gold & Silver
By: Mike_Shedlock
MarketWatch is reporting Gold Sale Spurs Manipulation TalkRecent heat from Congress and regulators, along with public speculation, over whether commodity prices are being manipulated has also reached gold pits, where the debate was stirred by a surge in bets last month that gold prices would fall.
"Congress is already investigating allegations of manipulation in the oil market, and it seems likely that it is only a matter of time before a similar investigation will be required in the precious metal markets," said Mark O'Byrne, executive director at Gold and Silver Investment.
Read full article... Read full article...
Friday, August 29, 2008
Gold Bull Market Confusion Presents a Golden Opportunity / Commodities / Gold & Silver
By: Andy_Sutton
You know there is something wrong when financial commentators are forced into being weathermen. During the better part of this new century, we have dealt with tightness in oil supplies and dire warnings of woe that would befall us should a hurricane get loose in the Gulf of Mexico . During this same period, we have been bombarded by higher costs across the full spectrum of items that are considered to be staples of living the in United States . Yet officials and media pundits have stubbornly insisted that inflation is ‘contained' or recently that it ‘will cool next year'. Read full article... Read full article...
Friday, August 29, 2008
Total War on Private Wealth: Operation Meltdown Part II / Commodities / Gold & Silver
By: Adrian_Ash
Part I, "...The 'total war' of the 20th century first required a 'total war' on freely held private wealth..."
IT SEEMS AN ODD QUIRK of history that Washington 's post-War obsession with its nationalized gold reserves – an obsession which Ian Fleming neatly tapped into with Goldfinger in 1959 – came so long after what historians call the "classical" Gold Standard ended.
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Friday, August 29, 2008
Gold Bull Market Set to Resume on Strong Fundamentals / Commodities / Gold & Silver
By: Zeal_LLC
As the precious metals summer doldrums come to a close, we need to assess the damage from another season of gold hatred and disdain. Like déjà vu for veteran gold investors, the mainstream financial media took advantage of gold's seasonal weakness to proclaim the death of the Ancient Metal of Kings.
From a technical perspective gold's summer activity indeed gave the naysayers fodder to jump on the “End of the Gold Bull!” and “Gold's Bubble has Burst!” bandwagons. Gold's $190 plunge from mid-July to mid-August saw it knife through a number of key support levels. This caused blood to flow in the streets even for the gold faithful.
Read full article... Read full article...
Friday, August 29, 2008
Gold Registers Near 10% Drop for August / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD reversed an earlier 1% drop as the Wall Street opening approached on Friday, touching $838 an ounce as Asian stock markets ended the month 3% lower and government bond prices rose.Up $15 from last Friday, gold prices were heading for their second week-on-week gain. But they remained at an 8% discount to the close of July.
Read full article... Read full article...
Friday, August 29, 2008
Gold Flat lines Despite Russian Threats to Cut Europe's Oil and Gas / Commodities / Gold & Silver
By: Mark_OByrne
Gold has flat lined and is marginally higher this morning with the dollar marginally lower and oil marginally higher on continuing concerns about the possible impact of tropical storm Gustav.
Gold has been gradually edging higher for the last two weeks and appears to be ready to rally in the seasonally strong autumn months due to the strong fundamentals. Especially given deepening concerns regarding the global economy, heightened geopolitical risk on increasing tensions in Russia and the continuing supply demand issues in the physical bullion market.
Read full article... Read full article...
Friday, August 29, 2008
No Smoking Gun on Silver Price Supression Conspiracy / Commodities / Gold & Silver
By: Mike_Shedlock
The amount of hate email I have been receiving in response to The Great Gold, Silver Conspiracy Explained is large but not unsurprising. People simply want to blame others for their own trading mistakes. I will have more on that in a separate post. Most of the emails I received are unprintable because of the profanity. However I will print one of them anyway with slight edits. I will voluntarily withhold the name of the person writing although no such request was asked.
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Thursday, August 28, 2008
Gold Rallys Towards Resistance at $846 / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD BULLION rose yet again in London on Thursday, touching $840 an ounce just ahead of the Wall Street open and recovering almost one-third of the 21% plunge witnessed since mid-July." Gold is still capped by the big resistance at $846," reckons Peter Tse at Scotia Mocatta in Hong Kong , speaking earlier to Reuters.
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Thursday, August 28, 2008
UBS Unprecedented Physical Gold Demand / Commodities / Gold & Silver
By: Mark_OByrne
Dollar weakness, firm oil and continuing tension in the Caucasus are leading to gold remaining well bid this morning. Warnings from Nato to Russia to stay out of Ukraine and calls for the European Union to be ready for “hard headed engagement” with Moscow are not doing much to help confidence in already nervous markets.Read full article... Read full article...
Thursday, August 28, 2008
The Great Gold, Silver Price Manipulation Conspiracy Explained / Commodities / Gold & Silver
By: Mike_Shedlock
Gold and silver prices have crashed. Ted Butler, Rob Kirby, James Conrad and others are all blaming manipulation. Let's take a look at those manipulation theories starting with Ted Butler. Lessons of a Lifetime
Here are a few excerpts from Ted Butler's Lessons of a Lifetime .
The drastic sell-off in silver (and gold) is further proof of an ongoing manipulation to the downside.
Read full article... Read full article...
Thursday, August 28, 2008
The Real Silver Price Based on Paper or Silver Bullion? / Commodities / Gold & Silver
By: Peter_Degraaf
Once-upon-a-time, in ‘never-never' land, there were two competing silver prices. These two silver prices were at loggerheads with each other. Every time the ‘real' silver price began to rise, a ‘paper' silver price would show up in large quantities and scare some of the holders of real silver to dump and run.
Silver miners and coin dealers with ‘real silver' in inventory, instead of being organized, and using supply and demand to determine the price of silver, would look at a computer screen, check to see what ‘paper silver' was doing and meekly accept that as the price at which to sell silver.
Read full article... Read full article...
Thursday, August 28, 2008
U.S. Mint Rations Gold Eagle Coins / Commodities / Gold & Silver
By: John_Lee
The U.S. Mint announced Monday that it would resume taking orders of American Eagle coins on a limited basis after last week's sales suspension. At this very moment in time, orders on gold coins are taking weeks or even months to fill. From
Reuters' report (full version available here ):
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Thursday, August 28, 2008
Gold Heading for a Lower Low? / Commodities / Gold & Silver
By: Joe_Nicholson
“Bull or bear, call it what you will, the fate of precious metals seems to rest with the U.S. and European economies and the extent to which the monetary base will have to be inflated to prevent a deflationary spiral. The rally off the July 15 lows in stocks has shown the market tends to overreact in these situations. And in this case, the cause for the selloff is rather tenuous at best, and based on some uncertain assumptions.” ~ Precious Points: Bye-bye Bull? August 15, 2008Read full article... Read full article...
Thursday, August 28, 2008
How Richard Nixon "Goldfingered" the World: Operation Melt Down, Part I / Commodities / Gold & Silver
By: Adrian_Ash
Fear, Mr. Bond, takes gold out of circulation and hoards it against the evil day. In a period of history when every tomorrow may be the evil day, it is fair to say that a fat proportion of the gold dug out of one corner of the earth is at once buried again in another corner...– Ian Fleming's Goldfinger (1959)
FIFTY YEARS AGO – just as the fictional 007 was thwarting Auric Goldfinger's plan to empty Fort Knox and take America's gold to Soviet Moscow – the US Treasury feared a very genuine loss of its real gold reserves.
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Wednesday, August 27, 2008
Gold Bounce from Oversold Levels / Commodities / Gold & Silver
By: Merv_Burak
Gold was basically in a bounce mode this past week but unfortunately closed on the down side on Friday. It needs a lot more upside activity or lateral strength building to prove that it is back on a roll.
GOLD - LONG TERM : Although the week was somewhat positive nothing from the long term has changed. The message of the P&F chart has remained as shown last week although we now have a column of 4 Xs.
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Saturday, August 23, 2008
Trading Gold Silver Arbitrage / Commodities / Gold & Silver
By: David_Morgan
In economics and finance, arbitrage is the practice of taking advantage of a price differential between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices. When used by academics, an arbitrage is a transaction that involves no negative cash flow at any probabilistic or temporal state and a positive cash flow in at least one state; in simple terms, a risk-free profit. An entity such as a bank or brokerage firm that engages in arbitrage is called an arbitrageur. The term is mainly applied to trading in financial instruments, such as bonds, stocks, derivatives, commodities, and currencies. (Source Wikipedia.)Read full article... Read full article...
Friday, August 22, 2008
Gold Wild Trading Technical Signals / Commodities / Gold & Silver
By: Chris_Vermeulen
Gold Signals seem to be popping up everywhere this week in our collection of gold exchange traded funds . This is a quick gold sector updated on the current price action of some of the best gold exchange traded funds.
How to Find Low Risk High Return Gold Signals
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Friday, August 22, 2008
Commodities Investors Shaken By Dollar Rally / Commodities / Gold & Silver
By: Peter_Schiff
In football, when a running back intends to cut to the left, he often first fakes right. This move is designed to make the defense commit their resources in the wrong direction. It is my experience that markets often follow a similar path. Just prior to a major move in one direction, markets often make a sharp move in the opposite direction first. With respect to the dollar, gold, oil and other commodities, many on Wall Street have bought into the head fake, and will soon be watching in amazement as the runner sprints to the end zone.Read full article... Read full article...
Friday, August 22, 2008
Freddie Mac's Loss is Gold's Gain / Commodities / Gold & Silver
By: John_Lee
Sometimes people are so caught up in short-term action that we don't look at the long-term picture.
I have said it before: gold goes up not because of inflation (defined as money supply growth), but because of a loss of confidence of in the paper money system. Loss of confidence can occur for several reasons, from creeping up cost of living, rising commodity prices (aside from gold), or feelings that the integrity of the money system is compromised.
Friday, August 22, 2008
Gold Coin Shortage Locks Out New Buyers / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD in the international wholesale market slipped below $825 early on Friday in London , but stayed on track for its sharpest one-week gains since 2001 after losing $150 per ounce from the end of July. "Demand is up and premiums are rising throughout the globe," said a professional gold dealer to BullionVault by email today.
Read full article... Read full article...
Friday, August 22, 2008
U.S. Government Mint Sells Out of Gold Coins and Suspends Sales / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $833.30, up $23 and silver was up 73 cents to $13 76. Gold and silver remained firm in Asian trading and have given up some of the gains in early European trading . Gold i s trading at $ 831.30/831.70 per ounce (1 100 GMT).Read full article... Read full article...
Friday, August 22, 2008
Gold Priced at the New York Comical Commodities Exchange / Commodities / Gold & Silver
By: Alex_Wallenwein
Be prepared for further, even deeper losses in the imaginary price of gold at the New York Comedian's Exchange for precious metals. Why?
Look at it this way: If you were an institutional investor in paper gold contracts, would you want to buy them from the comedians, even at depressed prices, if you knew that your chances of getting delivery on them when it counts are virtually nil?
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Thursday, August 21, 2008
Amateur Precious Metals Investors Panic on Derivatives Deleveraging / Commodities / Gold & Silver
By: Richard_J_Greene
It's no wonder precious metals investors are unloading despite swearing they would not be fooled into panicking when the financial system began to come apart at the seams. Make no mistake; what we are seeing in the gold and silver markets is an all out attack by the financial powers that increased in intensity on July 15th when it became apparent that Fannie Mae and Freddie Mac are, for all intents and purposes, insolvent.
Gold investors have been let down in a big way by supposed experts that comment on the gold and silver markets but can not see the most obvious of price suppressions in the history of the financial markets.
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Thursday, August 21, 2008
Technical Reasons to Buy Gold / Commodities / Gold & Silver
By: Peter_Zihlmann
1980 to 2008: From bear to bull: the multi-year trends and the long-term picture.
The chart below clearly shows one thing: long-term trends often last many years . The bear market that started in 1988 ended in 1993. The up-swing that followed lasted three years from 1993 until 1996 and culminated in what may be called a false break-out. Then another bear-market unfolded taking the gold price down to $ 250 over a period of almost four years.
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Thursday, August 21, 2008
Gold Strengthens on Rising Russian Geopolitical Risk / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $ 810.30, down 50 cents and silver was down 10 cents to $1 3. 03 . G old and silver then r alli ed in Asian trading and early European trading . Gold is trading at $ 821.30/ 821 70 per ounce (1 0 45 GMT).Gold is finding favour again with the dollar having weakened again (as low as 1.4829 to the Euro) and oil prices rising (London Brent Spot has surged 3.45% to over $113). Also risk aversion is rising again due to increasing financial (Fannie, Freddie and Lehman), macroeconomic (stagflation) and geopolitical risk (Russia- Nato) which has resulted in weakness in international equity markets.
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Wednesday, August 20, 2008
Silver SLV ETF Bull Market Remains Intact / Commodities / Gold & Silver
By: Chris_Vermeulen
SLV ETF Trading - Panic, Shouting & Media Hype!
It's all too easy to lose yourself and your position under emotional strain.
Let's face it, it's hard to think straight when a voice inside your head is screaming GET ME OUT OF HERE!
Read full article... Read full article...
Wednesday, August 20, 2008
Gold Firm on Inflation Spurt / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered one-half of an early 1.5% dip in London on Wednesday, trading $5 below Asia's four-session high of $818 per ounce as crude oil rose together with US stock futures.
The Euro dropped a cent to the Dollar and the British Pound slipped almost 1.5¢.
Read full article... Read full article...
Wednesday, August 20, 2008
Gold Bounces from Oversold Levels on Global Stagflation Warnings / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $ 810.80, up $ 10.30 and silver was down 8 cents to $13.11 . Both gold and silver remained firm in Asian trading but have given up some of the gains in early European trading . Gold i s trading at $ 807.30/ 807.7 0 per ounce (1045 GMT).Gold rebound ing from oversold levels , rose for the second time yesterday and there was an outside day reversal to the upside which is technically bullish (the market made a new low during the trading session, but closed higher than the previous day's high). This is a short term bullish indicator and often happens near market bottoms and could mean a trend reversal is developing.
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Tuesday, August 19, 2008
Gold Rally Stalls Despite Record 27-Year Inflation in US and Germany / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped once again after recovering half of a 2.3% overnight drop early in London on Tuesday, stalling as both the US and Germany reported a sharp jump in producer-price inflation.
Asian stock markets closed at a two-year low, and palladium traded in Tokyo fell to its lowest level since June 2006.
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Tuesday, August 19, 2008
Don't Believe the Gold and Silver "Bubble" Burst Hype! / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $ 800.50, up $14.50 and silver was up 33 cents to $13.19 . Both gold and silver have again fallen in European trading . Gold i s trading at $ 7 86 .00/7 86 .40 per ounce (10.30GMT).Gold rebounded from very oversold levels yesterday but market weakness has resumed overnight in Asia and early in London as the dollar has continued to rally (reaching a 6 month high at 1.4631 to the euro) . Speculative interest in the precious metals has fallen dramatically as seen in the recent CFTC data and this usually presages a rally in the precious metals.
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Monday, August 18, 2008
Gold Summer COLLAPSE Could Turn Into Autumn Seasonal BOOM / Commodities / Gold & Silver
By: Adrian_Ash
"...Might the seasonal shape of the gold price turn this summer's collapse into an autumnal boom...?"
THE SHARP DROP in world gold prices starting in late July knocked the cost of physical metal more than 20% off its record top of mid-March at last week's low point.
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Monday, August 18, 2008
US Dollar and Gold Price Market Manipulation? / Commodities / Gold & Silver
By: Mike_Shedlock
In his August 13th Commentary Steve Saville gave his thoughts on the US Dollar, gold, and currency manipulation. Steve gave me permission to repeat that letter in entirety. Before I post Steve's thoughts, I need to state upfront that Steve's thoughts are similar to recent posts of mine that have stirred up quite a controversy. In case you missed them, here are my thoughts, in sequence.
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Monday, August 18, 2008
Profit from Falling Gold Price by Trading DZZ Leveraged ETN / Commodities / Gold & Silver
By: Chris_Vermeulen
DZZ Double Gold ETN is a relatively new way to take advantage of gold price action. This gold fund provides double the movement that the GLD ETF or the price of gold does, providing bigger opportunities in the gold sector. I have just recently started to use DZZ ETN for trading and have found it to be very useful, which you will see in the charts below.
A Couple of Benefits of the New DZZ Gold ETN
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Monday, August 18, 2008
Gold Continues to Fall Despite Strong Seasonal Tendencies / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back a sharp 2% rally early in London on Monday, falling towards $790 per ounce as the US Dollar held flat on the currency markets.Crude oil ticked up 25¢ to trade above $114 per barrel as Tropical Storm Fay threatened rigs in the Gulf of Mexico .
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Monday, August 18, 2008
Gold and Silver Extremely Oversold / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York on Friday at $ 786.00, down $ 22.30 and silver was down $1.42 cents to $12.81 . Both rallied strongly on the open in Asia but have given up some of their gains in European trading . Gold i s trading at $ 793.00/793.40 per ounce (1230 GMT).Read full article... Read full article...
Sunday, August 17, 2008
Bye Bye to the Precious Metals Bull Market? / Commodities / Gold & Silver
By: Joe_Nicholson
“The face of the coin has been debased as fast as its value. First the faces of gods were on the coins. Then the faces of kings. Then of presidents. Today it's only paper. The miracle is that you can still buy things with it.”~Ian Fleming, From Russia With Love
If the recent meltdown in precious metals took you by surprise, you obviously haven't been reading this update. Since at least late 2007 this update has said the principal risk to precious metals was a dollar rally based on euro weakness. After calling the top in gold in March, targets in the low $800s and lower were immediately published. Since then, precious metals advances have been called a “sucker's rally”, and on June first I went as far as to suggest that gold could be “the short of the year.”
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Sunday, August 17, 2008
How Low Will Gold Go? / Commodities / Gold & Silver
By: Alex_Wallenwein
That's a silly question.
Gold doesn't go anywhere. What "goes" up or down are the dollar figures we have all been trained to attach to it - but we all know, for a fact, how illusory those are.
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Sunday, August 17, 2008
Gold and the Economy: Facts and Theories / Commodities / Gold & Silver
By: Brian_Bloom
When we understand “what” is happening (the facts) then we might have a stab at “why” it is happening (the theories). In turn, this might throw some light on what we might expect to unfold in the foreseeable future.
We live in a cynical world and from a cynical perspective it is noteworthy that all I am reading with regard to the gold price is theories.
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Sunday, August 17, 2008
Gold Breaks Long-term Bull Market Support / Commodities / Gold & Silver
By: Merv_Burak
Well I guess this past week will be remembered for both gold and silver, with silver declining twice as fast as gold. Stocks also took a bounding but they have been taking a bounding for some time now. What next? That's really the $64 question.
GOLD: LONG TERM
Here we are with that long term P&F chart. While surfing the ‘net I came across another analyst who uses a 2 unit reversal P&F chart for gold with $15 units (very rare). This analyst drew the trend line as one would normally draw on the normal bar charts, i.e. touching the lows of major reaction points. Although I have used this method on occasion, and it is a valid method of drawing a P&F trend line, I usually prefer the 45 degree lines for a variety of reasons. However, here is how the trend lines would have looked if drawn touching the lows. Not bad, eh!
Saturday, August 16, 2008
Gold and Silver Crushed by Unwinding US Dollar Shorts / Commodities / Gold & Silver
By: Mike_Shedlock
What's happening with gold should be no real surprise. Although I have stated many times that gold is money and gold should do well in deflation, and we are in deflation (see The Future Is Frugality and Implications of the Slowing Global Economy for the deflation case), in the initial stages of deflation, leverage in everything is reduced by force. There are thousands of hedge funds, pension plans, and individuals over-leveraged in a massive bet against the US dollar and US assets in general. Many themes of the past 7 years are now being unwound. And one would expect leverage to be forced out in deflation as credit simply dries up. I call this the great unwind.
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Saturday, August 16, 2008
US Dollar Seismic Shift Hits Gold / Commodities / Gold & Silver
By: Christopher_Laird
A month or so ago, we told subscribers that the USD appeared to be bottoming. Long term, the USD has big trouble on the horizon, but we mentioned the USD has 9 lives, even though the US is running terrible deficits, trade and fiscal.
The Euro had strengthened so much since 2002, and the USD took such a hit, that gold and commodities became hot sectors that attracted lots of money for years. Right now, we are witnessing a big chunk of that speculator/investor froth coming out of gold and commodities. Oil is still relatively resistant. The perception that the USD can recover in a meaningful way is now out.
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Friday, August 15, 2008
Gold Approaching Short-term Low / Commodities / Gold & Silver
By: Mike_Paulenoff
The hourly pattern argues that in and around the 77.00 area, the downleg in the streetTRACKS Gold Shares (NYSE: GLD) from its 7/15 high "achieved" the look of completion. If that is the case, then in the hours directly ahead the GLD should reverse sharply, fill today's gap-down open at 79.20, and close above the top of the gap to signal that a very significant near-term low has been established. Beyond the gap, the GLD must hurlde and sustain 82.00 to confirm a more substantial upside reversal.Read full article... Read full article...
Friday, August 15, 2008
Precious Metals Bloodbath as Gold Crashes through $800 / Commodities / Gold & Silver
By: Mark_OByrne
Both gold and silver gave back the previous day's gains yesterday on the COMEX. Gold finished trading in New York on Friday at $808.30, down $17.20 and silver was down 58 cents to $14.23. Gold continued to fall in Asian and early European trading and is trading at $782.80/783.40 per ounce (1100 GMT).Read full article... Read full article...
Friday, August 15, 2008
Gold Collapses as Speculators Panic / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD sank yet again at the London opening on Friday, falling 2.6% to touch a nine-month low as US crude oil prices dropped 1.3% to trade below $114 per barrel.
Western European stock prices rose meantime in early trade, averaging 0.8% gains despite this week's clear signals of economic recession ahead.
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Thursday, August 14, 2008
British Gold Sovereigns -The Preserve of Collectors, Savers and Smart Investors / Commodities / Gold & Silver
By: Mark_OByrne
Gold as Essential Diversification and Financial Insurance Gold bullion remains an essential diversification and essential financial insurance to have in all properly diversified portfolios. Besides the ever more important factors of inflation hedging and financial insurance, gold is likely to continue to outperform other asset classes and to provide significant returns to gold buyers.
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Thursday, August 14, 2008
Gold Bounces as Euro-zone Slumps towards Recession / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF PHYSICAL GOLD added to Wednesday's sharp bounce early in Asia and London Thursday morning, nearing the Wall Street open almost 4.4% above the week's low at $836 per ounce.Crude oil traded back above $116 per barrel – up more than $3 from its three-month lows of Tuesday – while base metals also rose sharply.
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Thursday, August 14, 2008
Gold Fell Sharply in Dollars but not in Euros and Pounds / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York on Friday at $825.50, up $15.80 and silver was up 37 cents to $14.81. Gold continued to rise in Asian and early European trading and is trading at $831.80/832.40 per ounce (1200 GMT).The much anticipated bounce in gold occurred yesterday and continued overnight as the dollar weakened and oil prices firmed again.
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Wednesday, August 13, 2008
Strong US Dollar Drives Gold Lower / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back all of a 1.5% rally late-morning in London on Wednesday, dropping below $815 per ounce in thin but frantic trade as the US Dollar continued to rally against pretty much everything.Crude oil ticked back above $113 per barrel – down almost 25% from its top of early July ahead of today's much-anticipated US inventory stockpiles report – while base metals continued to slide.
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Wednesday, August 13, 2008
Gold Oversold at Seasonal Lows / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York on Friday at $809.70, down $11.80 and silver was down 3 cents to $14.44. Gold rose in Asian and early European trading and is trading at $821.10/821.60 per ounce (1000 GMT). Gold's recent merciless sell off continued yesterday. But, the dollar's incredible five day surge appeared to come to an end yesterday, with a sell off on Wall Street (on concerns about financials and slowing global growth) stopping it in its tracks.
Read full article... Read full article...
Wednesday, August 13, 2008
Gold Extremely Oversold / Commodities / Gold & Silver
By: Ned_W_Schmidt
In most recent Trading Thoughts we reported that the largest purchases of U.S. government debt by foreign official institutions had occurred in the prior week. Initially, reason for those purchases was a mystery. That is, until Russia decided to crush Georgia militarily. Russian army does not move into invasion mode without some prior preparations. Someone knew what was to happen. Massive amount of money flowed, at a $1.4+ trillion annual rate, into U.S. debt in less than a week.Read full article... Read full article...
Tuesday, August 12, 2008
Gold Trying to Make a Bottom / Commodities / Gold & Silver
By: Michael_Swanson
After falling 40 dollars Monday morning and dragging the HUI down 20 points there are some short-term technical signs that gold may be near a bottom of some sorts. First gold finally fell down hard one morning to start to catch up with the steep drop we have seen in gold stocks. Gold also fell down to its 65-week moving average, which has been its long-term support level for the past six years. Read full article... Read full article...
Tuesday, August 12, 2008
Gold Hit by Massive Wave of Stoploss Selling for Record Plunge / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York on Friday at $821.50, down $36.00 and silver was down 71 cents to $14.48. Gold continued to fall in Asian and early European trading and is trading at $809.00/809.60 per ounce (1100 GMT).Read full article... Read full article...
Tuesday, August 12, 2008
Gold Bull Market Correction Elliott Wave Analysis / Commodities / Gold & Silver
By: Alistair_Gilbert
Captain Ron has presented his well-reasoned case for Gold for the Bulls today and whilst our long-term viewpoint is the same, I believe that this correction is not over in either TIME or PRICE yet. But correction it is, NOT the end of the Bull market.
In order to determine where we are in the short-term wave count we have to stand back and look at the long-term wave count. Last week I presented the quarterly charts on a number of commodities that to me show quite clearly where we are. Below I show the quarterly DELTA chart on Gold and this time I have put my wave counts on the chart.
Read full article... Read full article...
Monday, August 11, 2008
Overbought US Dollar Should Give Gold Price Support / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York on Friday at $857.50, down $11.90 and silver was down 92 cents to $15.29. Gold has risen in Asian and early European trading and is trading at $860.10/860.60 per ounce (1230 GMT).Read full article... Read full article...
Sunday, August 10, 2008
Gold Succumbs to US Dollar Strength / Commodities / Gold & Silver
By: Clive_Maund
A week of dramatic developments ended with the dollar surging to 6-month highs and silver crashing an important support level and plunging. Gold, however, did not break below its important $850 support level, although as we shall see this certainly does not mean it won't soon. On its 1-year chart we can see that there has been no real panic selloff yet in gold, whose decline thus far from its July peak has been modest and measured compared to that of gold and silver stocks, but if the $850 support level gives way we can expect it to plunge into a selling climax that should terminate the decline. Read full article... Read full article...
Sunday, August 10, 2008
Silver Plunges Through Support Heading for $14 / Commodities / Gold & Silver
By: Clive_Maund
The silver support level in the $16.00 - $16.50 area finally buckled on Friday in the face of the dollar spike leading to a rapid plunge that has taken the price below its 300-day moving average. We can see this development on the 1-year chart, and how it has opened up the risk of a continued decline to the next support level in the $14 area.Read full article... Read full article...
Saturday, August 09, 2008
Gold Plunges Towards Test of Key Support at $850 / Commodities / Gold & Silver
By: Merv_Burak
I think we all want to forget this past week and look ahead (all except those who had been on the short side, that is). We are now at a very significant support so let's see if it looks like gold will hold or fold.
GOLD : LONG TERM - Things got real interesting this past week so I thought I'd bring out my very long term chart of gold and see where we are at. About the only difference between the very long term chart and the long term chart is the use of a yearly (52 week) momentum indicator versus 30 weeks for the long term and the use of a yearly simple moving average line versus a 40 week weighted moving average line in the long term.
Read full article... Read full article...
Saturday, August 09, 2008
Gold Trend- The good, the Bad and the Ugly / Commodities / Gold & Silver
By: Brian_Bloom
Few of us holding gold related investments are happy about the recent performance of the gold price but, in this analyst's view, the appropriate way of looking at this is: “thank goodness the fever is abating”. Paradoxically, I am delighted that the gold price is experiencing a downward technical reaction. I would rather that the patient survived than that it died a spectacular pyrrhic death. A pullback in the gold price at this point in time is a very healthy sign. Read full article... Read full article...
Saturday, August 09, 2008
Why Gold Fell Below $900 / Commodities / Gold & Silver
By: Julian_DW_Phillips
In the week ending 25th July 2008, the decrease of €578 million in gold and gold receivables reflected the sale by two Eurosystem central banks which roughly equates to the sale of just over 30.0 tonnes of gold. In the week ending the 1st of August, there was a decrease of €26 million in gold and gold receivables reflecting the sale by one Eurosystem central bank and the purchase of gold coins by another Eurosystem central bank, which roughly equates to the sale of around 1.40 tonnes of gold [consistent with the Central Bank Gold Agreement that came into effect on 27th September 2004]. Read full article... Read full article...
Friday, August 08, 2008
Gold Bull Markets Strong Seasonal Tendancies / Commodities / Gold & Silver
By: Zeal_LLC
It's been a tough few weeks for gold investors. In mid-July this Ancient Metal of Kings closed near $976, within spitting distance of its all-time nominal high of $1005 achieved in mid-March 2008. But since then it has sold off relentlessly, down 10.4% ($101) at worst. Several days of this ugly span were marred by sharp selloffs too, including this past Tuesday's 2.2% plunge on the Fed's machinations.
If you are playing gold on the long side, it is tempting to get discouraged. After all, this week CNBC was emphatically claiming that the global commodities bulls had ended . Never mind that CNBC has prematurely declared these bulls over about a dozen times in the past few years, the misery of the moment is hard to transcend. Gold certainly wouldn't fare well if the commodities-hating financial media is right.
Read full article... Read full article...
Friday, August 08, 2008
Gold Driven Lower by US Dollar Rally / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $869.40, down $5.00 and silver was down 25 cents to $16.21 . Gold remained largely unchanged in Asian trading but has fallen further in early European trading and is trading at $864.60/864.60 per ounce ( 0943 GMT).The continuing rally in the dollar in recent days (has risen as high as EUR 1.5142 this morning) and the recent sharp fall in commodity and oil prices has seen gold come under further pressure and it looks set to test the next level of support at $845-$850.
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Thursday, August 07, 2008
The Case Against Investing in Gold / Commodities / Gold & Silver
By: Tim_Iacono
So, now that the U.S. government is squarely behind Fannie Mae and Freddie Mac and the price of crude oil is barreling toward the well known "bear market" milestone of a 20 percent decline, investors seem to be losing interest in gold as an investment alternative figuring that order will soon be restored to the global financial system and the recent energy price shock will soon be just one more in a long line of scares that, in the end, prove to be only a scare. Read full article... Read full article...
Thursday, August 07, 2008
Gold Continues to Consolidate / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $874.40, down $4.50 and silver was down 11 cents to $16.46. Gold has again recovered somewhat in Asian and early European trading and is trading at $883.00/883.40 per ounce (1058 GMT).Read full article... Read full article...
Thursday, August 07, 2008
Gold and Silver Near Significant Secondary August Bottom / Commodities / Gold & Silver
By: Peter_Degraaf
Upon analyzing over 30 years of data involving the gold price, we conclude that the seasonal lows usually occur in March and June. Quite often however, after the June low a secondary low is experienced in August. This secondary low is usually slightly higher than the primary low. People who have resisted the temptation to buy the June low will usually take advantage of this last opportunity before the start of the Christmas rally that seems to happen almost every year. Read full article... Read full article...
Wednesday, August 06, 2008
Gold Plunges Despite Feds Stagflation Warning / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $878.90, down $20.50 and silver was down 56 cents to $16.57. Gold has recovered somewhat in Asian and early European trading and is trading at $885.20/885.70 per ounce (1200 GMT).Read full article... Read full article...
Tuesday, August 05, 2008
Gold and Silver: Safe-havens in Troubled Times? / Commodities / Gold & Silver
By: Julian_DW_Phillips
Each day we hear another piece of bad news on the banking front. It was called the sub-prime crisis, then it was the credit crunch; what we have in reality is a full blown banking crisis . Where in the past credit was easily given, full-blown consumer spending was encouraged and when it went too far, bankers saw asset values were dropping below loans against them and banks started to go bust. We are now seeing banks sued by the New York Attorney General. Hardly an environment in which confidence in the banking and financial systems can be retained?Read full article... Read full article...
Tuesday, August 05, 2008
Gold Heads for Traditional August Seasonal Low / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $899.20, down $9.10 and silver was down 37 cents to $17.13. Gold continued to sell off in Asia and in early European trading.Gold has sold off on oil's steep falls and with sharp falls in many other commodity markets. The CRB Reuters Jefferies Commodity Index was down 3% yesterday, its largest one day sell off since last March (cocoa, natural gas and sugar were down sharply) and falling oil prices and a firmer dollar (back to 1.55 against the Euro) has led to gold's sell off.
Read full article... Read full article...
Monday, August 04, 2008
Gold Buying Opportunity on Investment and Transfer of Capital Fundamentals / Commodities / Gold & Silver
By: Chris_Vermeulen
The Secular Bull Market in Gold Investments corresponds directly to the Secular Bear Market in Financials. We explain why this trend will continue and why a short-term buying opportunity in Gold presents itself. Central Banks are in all sorts of a pickle.
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Monday, August 04, 2008
Gold Falls Ahead of Central Bankers Interest Rate Decisions / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD fell 1% from a three-session high early in London on Monday, dropping below $906 per ounce ahead of a busy week for central-bank decisions on interest rates.Asian stocks slipped 1.5% on average as the US Dollar held steady on the forex market.
Read full article... Read full article...
Sunday, August 03, 2008
Gold and Silver Outlook Remains Bearish / Commodities / Gold & Silver
By: Merv_Burak
Zig, zag, but more zag than zig. Very strong support at the $850 level and that may be where gold is headed. Will it hold there? Most commentators suggest that a new bull move is eminent. That is not yet in the charts so we'll have to just keep on watching.
GOLD : LONG TERM
There has been no major reversal of long term type movement in the price of gold lately so no need for a long term chart yet. One can go back to the last long term P&F chart in the 18 July 2008 commentary and what we have since is a down direction of O's finishing below the up trend line but not yet going below two previous lows.
Friday, August 01, 2008
Gold and South African Gold Miners Tumble on Rising Costs / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD fell into the New York open on Friday, beginning August almost 4.5% below July's start despite news that US unemployment just rose to a four-year high."Everything is down this morning as margin calls bite," says Mitsui in its Gold Market note today – "equities, the Euro, the oil price and precious metals.
Read full article... Read full article...
Friday, August 01, 2008
Gold Surges on Greenspan's Once In a Century Crisis Warning / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $913.70, up $10.70 and silver was up 37 cents to $17.72 . Gold surged on the COMEX open after initial jobless claims rose sharply to their highest level in 5 years. Gold subsequently gradually sold off and the slow sell off continued in electronic trading and in Asian and early European trading. Read full article... Read full article...
Thursday, July 31, 2008
Gold Gains on US Stagflationary Economic Slowdown / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES added to an overnight bounce at the New York opening on Thursday, rising above $915 per ounce on news of sharply higher US inflation and a slowing economy.Gold had earlier recorded an AM Fix here in London of $912 per ounce – more than 2.1% above yesterday's five-week low – as crude oil slipped and the US Dollar held steady on the forex market ahead of today's data.
Read full article... Read full article...
Thursday, July 31, 2008
Gold Hit by Bear Raid, Despite Real Inflation at 10% / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $903.00, down $14.00 but silver was up 5 cents to $17.35 . After sharp falls in early trading in the COMEX yesterday (some of which was due to large stop loss sell orders being triggered around the $900 mark) gold rose to close only down some 1.5% on the day. Silver in similar volatile trading surged from interday lows to close higher. The rally continued in electronic trading and in Asian and early European trading.Read full article... Read full article...
Wednesday, July 30, 2008
Gold Slumps Towards $900 / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD sank to a one-month low early in London on Wednesday, dropping 2% from Tuesday morning before bouncing off $905.25 per ounce.Crude oil ticked 20¢ higher per barrel, meantime, but base metal prices also fell, dragging the major commodity indexes lower.
Read full article... Read full article...
Wednesday, July 30, 2008
Gold Slumps- Its Like Trying to Catch a Falling Knife! / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $91.00, down $10.70 and silver was down 10cents to $17.30. Gold rose slightly in Asian trading before falling. It is down again in early trading in Europe .Slightly lower oil prices after yesterday's sharp falls are contributing to gold's further correction.
Read full article... Read full article...
Tuesday, July 29, 2008
Gold Holds as Governments Scramble to Revive Mortgage Markets / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD continued to hold in their tightest range for three months early Tuesday, slipping 1.1% in thin trade from an overnight high of $933 per ounce.World stock markets fell yet again, losing 1.8% on the MSCI index of Asian-Pacific equities after Wall Street closed Monday more than 2% lower.
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Monday, July 28, 2008
Gold Hold Steady at Start of Thin Summer Holiday Season / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD held inside a tight $5 range early Monday while the finance industry's summer vacation kicked off with a fresh drop in world equities.
Crude oil bounced $1.50 after losing 17% so far this month. The US Dollar fell to a three-session low vs. the Euro.
Read full article... Read full article...
Monday, July 28, 2008
Gold ETF- The Gold ETF Trading Experience / Commodities / Gold & Silver
By: Chris_Vermeulen
Taking advantage of the gold market using the GLD ETF to generate consistent profits in any market condition. Gold's price action in the past 5 months has frustrated many traders. Especially those who have difficulty making money during consolidation periods which are in. The past couple months are consistently the weaker months for gold prices year after year. That being said August through year end have been consistently strong for trading gold and gold ETF's. Read full article... Read full article...
Sunday, July 27, 2008
Silver Trades Between Support and Resistance Awaiting Breakout / Commodities / Gold & Silver
By: Clive_Maund
After looking set to challenge its highs silver turned abruptly lower and has fallen substantially over the past couple of weeks for the same reasons as gold, namely collateral damage resulting resulting from the rally in the broad stockmarket as crisis fears eased after the Fannie and Freddie bailout and the falling price of oil. Read full article... Read full article...
Sunday, July 27, 2008
Gold Hit by Crude Oil Sell Off, Technicals Still Bullish / Commodities / Gold & Silver
By: Clive_Maund
While the broad stockmarket has staged a relief rally from deeply oversold in response to the Fannie and Freddie bailout and oil has tumbled over the past week or two, both as predicted, gold has suffered more collateral damage than expected from these factors resulting in quite heavy losses in the Precious Metals sector. Conspiracy theorists are arguing that gold was deliberately targeted in order to help protect the dollar at a time when it is especially vulnerable due to the European Central Bank raising rates. Read full article... Read full article...
Saturday, July 26, 2008
Gold Bullion Stabalises Whilst Gold Stocks Heading into Bear Market Territory / Commodities / Gold & Silver
By: Merv_Burak
Two bad days but the week ended with a little bit of stability. I don't think it will last. However, which direction next is the question.
GOLD : LONG TERM
The long term takes time to change direction, when it decides to change. Despite several weeks of not so good gold trading activity and some time spent below its long term moving average line, gold has not yet reversed its long term bullish rating. While gold was below its moving average line the line slope remained positive. And through it all the long term momentum indicator remained positive, although at times below its trigger line.
Friday, July 25, 2008
Precious Metals Enduring Seasonal Weakness / Commodities / Gold & Silver
By: Zeal_LLC
For the most part, this summer has not been kind to precious-metals investors and speculators. While gold did rally rather sharply from mid-June to mid-July, up 12.6%, it could not challenge its $1005 March high. And soon after this retest failed it plunged $47, 4.8%, in just 2 trading days this week.
And silver hasn't fared much better. As usual it paralleled gold's mid-June to mid-July advance with its own rally, a healthy 16.3% surge. But this really wasn't all that much better than gold's own run, discouraging silver traders looking for outsized gains. And then this week silver mirrored gold's fast selloff with a steep 5.8% plunge of its own.
Read full article... Read full article...
Friday, July 25, 2008
India 's Falling Gold Demand: A Panic for Gold? / Commodities / Gold & Silver
By: Adrian_Ash
"...Just like everywhere else, Indian consumers face the problem of too much money chasing prices too high and becoming worth less each day..."
IT'S HARD TO OVER-EGG the importance of Indian jewelry demand in the physical gold market. Between 2000 and 2007, gold jewelry sold in India accounted for one ounce-in-nine sold worldwide. One ounce in every five wound up as an Indian import (its domestic mines produce less than six tonnes per year), ready to be hung off young brides as 24-carat dowries or worked into bracelets and necklaces for the international market.
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Friday, July 25, 2008
Gold Oversold as G8 Economies Resemble Titanic Heading for Recession Iceberg / Commodities / Gold & Silver
By: Mark_OByrne
THE SPOT PRICE OF GOLD BULLION rose early Friday in Asia before slipping 0.5% from a two-day high to head for its second weekly loss on the run in London .Crude oil ticked 75¢ higher to break above $126 per barrel. Stock markets worldwide fell sharply, sinking 2% in Tokyo and sliding to a six-session low in Frankfurt , Germany .
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Friday, July 25, 2008
Increasing Gold Demand from Sovereign Wealth Funds and Central Banks / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $922.20, down 50 cents and silver was down 16 cents to $17.22. Gold has rallied in Asia and in early European trading.While oil is up slightly and the dollar is down slightly, gold is likely to be up on bargain hunting and safe haven buying. The 100 day moving average at $916 appears to be good support and the summer low is likely to be around these levels although a brief dip below $900 is possible.
Read full article... Read full article...
Thursday, July 24, 2008
Gold Ambushed by Powerful Forces of Global De-leveraging / Commodities / Gold & Silver
By: Jim_Willie_CB
For the second time in the last several weeks, the gold market has been on the receiving end of ambushes. Leading up to their July 3rd announced rate hike, the Euro Central Bank strong hints prompted the last ambush. The gold futures contracts bear this out easily, as the big cartel players sold down the gold price with heavy paper supply simultaneously. They had to do so. When physical is in reduced supply, resort to trusty paper. After stabilizing in the 920 to 925 range, gold promptly rose to exceed 980, only to be ambushed yet again. The ambush consists of an unexplainable sudden $20 decline in midday , cheered by the majority but without any analysis of where the decline originated. The motive for the early July ambush was simple. Read full article... Read full article...
Thursday, July 24, 2008
Gold Investors Shell Shocked by 6% Plunge as Selling Continues / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD slipped back from an early 1% bounce in London on Thursday, holding near a two-week low at $924 per ounce as Asian and European stock markets capped their recent rally, falling for the ninth time in July so far.Crude oil bounced 40¢ to $124.85 per barrel – down 15% from the record top hit earlier this month.
Read full article... Read full article...
Thursday, July 24, 2008
Gold Heading for Seasonal Lows Prior to Strong August Rally / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $922.70, down $25.50 and silver was down 55 cents to $17.38.
Gold has rallied in Asia and in early European trading with bargain hunting buying. Traders and investors with more medium to long term horizons realize that the speed and depth of the sell off is overdone. Especially as none of the fundamental macroeconomic or geopolitical issues have disappeared or even abated. Speculators, both long and short ( it is important to remember that most speculative money is on the short side of the oil, gold and silver markets), can have real impacts in the short term and create volatility and exacerbate trends in either direction. Read full article... Read full article...
Wednesday, July 23, 2008
Gold Plunges 4% as Crude Oil Sinks / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL Gold dumped another $12 per ounce Wednesday morning in London , falling more than 4% from yesterday's four-session high.World stock markets continued their sharp rally, meantime, with Europe's 300 largest shares just climbing out of the 20% bear-market loss that hit between Nov. and June.
Read full article... Read full article...
Wednesday, July 23, 2008
Gold Corrects Lower Following Oil Price Plunge Below $130 / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $948.20, down $15.20 and silver was down 44 cents to 17.93. Gold continued to fall in Asia and in early European trading it is down by nearly 1.3%.Gold was due a correction after its recent surge in price and remains up some 6% in the last month (from $882 to $935) unlike oil and the majority of stock markets (which are down by similar amounts). Gold's recent outperformance may have led to a bout of profit taking and further consolidation is likely prior to challenging the March highs of $1030 per ounce in the coming weeks.
Read full article... Read full article...
Tuesday, July 22, 2008
Gold Rises as Stock Markets Fall on Poor US Earnings / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD rose sharply in London on Tuesday, touching a four-session high of $975 per ounce as European stock markets fell hard.Crude oil held just above $130 per barrel as Tropical Storm Dolly passed by the oil-rich Gulf of Mexico . The US Dollar bounced from a one-week low vs. the Euro and traded at $2.00 to the British Pound.
Read full article... Read full article...
Tuesday, July 22, 2008
Gold Forecasts Revised Upwards to $1200 / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $963.40, up $7.00 and silver was up 25 cents to 18.37. Gold traded sideways to slightly up in Asia before rising in early European trading by nearly 1%.Read full article... Read full article...
Monday, July 21, 2008
Gold Bullion and Stocks Flashing Seasonal Buy Signals / Commodities / Gold & Silver
By: Peter_Degraaf
Gold and Silver Stocks of the HUI index, past and present, as well as future expectations. This essay looks at the seasonal lows for the HUI index, and examines the rise that followed this low, for the past 9 cycles (1999 – 2008). This study should give us a good idea for future expectations, regarding the remainder of 2008. “As the HUI goes, so goes the gold price”. Read full article... Read full article...
Monday, July 21, 2008
Gold Turns Bullish on Surging Global Inflation / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD rose in London on Monday morning, undoing most of last week's 1% loss to trade above $963 per ounce as the New York opening approached.Crude oil bounced from a seven-week low beneath $129 per barrel after US forecasters put a 29% chance on Tropical Storm Dolly reaching hurricane strength as it enters the oil-rich Gulf of Mexico .
Read full article... Read full article...
Monday, July 21, 2008
Both Inflation or Deflation Point to Recession, Gold Outperforms Gold Stocks During Bear Markets / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York on Friday at $956.40, down $12.70 and silver fell 53 cents to 18.12. Gold traded sideways to slightly up in Asia before rising in early European trading by nearly 1%.
Despite the very sharp fall in oil prices and other commodities last week, gold only fell by 0.2%. Silver was down by 3%. August Crude fell by more than 11% - it fell $16.34 from over $145 to $128.74. And Prudent Bear's Doug Noland points out that August Gasoline sank 11.5% (up 27.8% y-t-d), and August Natural Gas dropped 10.2% (up 42.9% y-t-d). September Copper declined 1.9%. September Wheat fell 3.2% and August Corn sank 11.8%. The CRB index was hit for 7.4% (up 19.1% y-t-d). The Goldman Sachs Commodities Index (GSCI) sank 9.5% (up 30.5% y-t-d and 55% y-o-y).
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Saturday, July 19, 2008
Gold Projects Bullish Trend to $1215 / Commodities / Gold & Silver
By: Merv_Burak
Gold has basically been on a roll for over a month, maybe it's time for a little rest. At this point it looks like no more than a rest but let's go through the routine.
GOLD : LONG TERM - I've been away for a few weeks so this week is sort of a “catch-up” week. The long term P&F Chart shows an upside break-out with a projection to the $1215 level. That would put us into new all time high territory and could cause the price to continue towards that long held, very long term, projection to the $1600 mark.
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Friday, July 18, 2008
Gold Slips as US Dollar Bounces, Soros Buying Gold Shorting Crude Oil / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD dropped 1.3% at lunchtime in London on Friday, sliding into the US open – and heading for its first weekly loss in five – as world stock markets ticked higher.The US Dollar rose on the forex market. Crude oil futures jumped 2.1% – "a dead cat bounce," according to one trader – after suffering their worst drop since Dec. 2004 so far this week.
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Friday, July 18, 2008
George Soros Buying Gold / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $957.00, down $4.00. Gold traded sideways rose in Asia before rising in early European trading and then falling again and is now down 0.15% for the day.Equity markets have bounced on what is likely to be another short term correction on massive short covering. Poor earnings from Google, Microsoft, Merrill and now Citigroup this morning should result in gold remaining well bid and support is at $950.
Read full article... Read full article...
Thursday, July 17, 2008
Gold More Weakness Ahead? / Commodities / Gold & Silver
By: Mike_Paulenoff
Let's notice that the streetTRACKS Gold Shares (NYSE: GLD) peaked on Tuesday at 97.50 at the top of its June-July price channel, and in the past 48 hours or so has traversed the channel to test its lower support line just above 93.50, which so far has contained the decline.Read full article... Read full article...
Thursday, July 17, 2008
Traders Only– Prepare to SELL GOLD / Commodities / Gold & Silver
By: Ronald_Rosen
As many of you know, I use many different methods to achieve my trading signals but one of the most important is the measurement of TIME. We have always had the quote from W.D. Gann as the banner on this newsletter, “Time is more important than price; when time is up price will reverse.”
As I have pointed out before, TIME can be measured in many ways. Sometimes I measure in trading days and sometimes it is in calendar days whilst other times I am measuring Fibonacci ratios of previous waves in time to give us projections for possible dates for change of direction.
Read full article... Read full article...
Thursday, July 17, 2008
Gold Follows Crude Oil Lower, ECB Warns Inflation Won't Fall in an Recession / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES fell back at lunchtime in London on Thursday, slipping 0.7% towards this week's low of $955 per ounce as Western stock markets continued to rally on falling oil prices.The price of crude oil has now dropped $12 from Tuesday's high above $146 a barrel.
Read full article... Read full article...
Thursday, July 17, 2008
Invest in Gold and Silver as Protect from US Economic Catastrophe / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brodrick writes: Our nation may be on the cusp of economic catastrophe — call it a panic, a meltdown, an implosion; I don't care what you call it. But it's bad. And it's coming straight at you like a runaway bus.
In times of crisis, people naturally gravitate toward gold, because it's the one investment that can hold its value when the fertilizer hits the fan.
Read full article... Read full article...
Wednesday, July 16, 2008
Gold Hedge Against Credit Crisis Risks / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION gave back an overnight rally of 0.8% late-morning in London on Wednesday, recording an AM Fix of $974 per ounce as European stock markets tumbled for the seventh time in 11 sessions.The FTSE index of UK blue-chips sank 1.4%, while crude oil held near $136 per barrel, down almost $10 from Tuesday's near-record high.
Read full article... Read full article...
Wednesday, July 16, 2008
Greenspan Backs Gold as World Currency / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $977.10, up $5.00 and silver was down to $18.92, down 27 cents. Gold fell in Asia before rising in early European trading.Gold rallied strongly in early trading yesterday on higher oil, a lower dollar and increasing macroeconomic and systemic risk prior to the sharp fall in oil prices (some $10 in a short period of time ) which led to a selloff in precious metals. Despite the sharp selloff in oil, gold again remained resilient and finished some 0.5% higher in New York. The sharp fall in the oil price was attributed to margin calls due to equity losses and to fears of demand destruction due to the slowing U.S. and international economies.
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Wednesday, July 16, 2008
The Messiah & the P.O.W. & Gold / Commodities / Gold & Silver
By: David_Vaughn
Well, what's gold doing right now? There are still very few who take the present financial situation serious enough to act on it. I believe gold hit 500 in 2005 and over 700 in 2006. Today it is well above 900. Anyone care out there?
A couple of years ago I was sitting in the barber's chair and chatting away. Yes, a real barber and not a “hair stylist.” Any way, right when a break came in my chatter the barber looked at me and said “too much information!” I guess the point is sometimes we say too much when we ought to keep our mouth shut. Last week I made a sarcastic remark about presidential elect Obama. What amazed me was how many folk do not recognize sarcastic humor when they hear it. And yes I am not afraid to say that I am not a supporter of Obama, but I still enjoy talking about the man because I find his rise to power amazing. Anyway, so much for that.
Read full article... Read full article...
Tuesday, July 15, 2008
Gold Pushes Higher on Fresh US Dollar All Time Low / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD jumped for the fifth session running in London on Tuesday, adding 1.2% against the US Dollar as crude oil broke back above $146 per barrel.European shares meantime slid to a three-year low, losing 2.2% in Frankfurt as the US currency sank 1% to a new all-time low vs. the Euro. Read full article... Read full article...
Monday, July 14, 2008
Inflation and Oil Ratio Bullish for Precious Metals / Commodities / Gold & Silver
By: Captain_Hook
Don't tell this to the price fixers though. Apparently it's fine and dandy to let all other ‘commodities' rise in allowing this inflation thingy blow-off, but not gold, and especially not silver since it's so easily controlled. What kind of a message would that send to the investment world? If silver were allowed to rise, well, then it wouldn't make a lot of sense for gold to be odd man out considering its vital role in the economy, that being the ultimate measure of currency. In fact, if other vital commodities are rising sharply, already it makes little sense gold has not risen further, especially with the world's present ‘reserve currency' the fiat dollar in decline. So again, it would be especially troubling if silver were to begin rising impulsively and gold was left behind from this perspective. Read full article... Read full article...
Monday, July 14, 2008
Tokyo Gold Breaks 25-Year High on Fannie-Freddie Bail Out / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD slipped 1% against the US Dollar at the London opening on Monday, giving back one-third of Friday's $23 surge as crude oil dropped and government bond prices fell.Credit spreads – a measure of investor concern over the risk of default – also ticked lower after Sunday's promise of unlimited tax-funded support for Freddie Mac and Fannie Mae, the $5 trillion US mortgage companies, from the Treasury in Washington .
Read full article... Read full article...
Monday, July 14, 2008
Silver Breakout Above Resistance- Strong Buy Signal / Commodities / Gold & Silver
By: Clive_Maund
Last week both gold and silver staged important breakouts from base areas to commence major uptrends. This is a development that we had been expecting for quite some time. In this update we will concentrate on the differences worth remarking on in the silver chart, and readers are referred, as usual, to the Gold Market update for the general arguments applicable to both metals. Read full article... Read full article...
Monday, July 14, 2008
Gold Major Breakout on Freddie & Fannie Catastrophe / Commodities / Gold & Silver
By: Clive_Maund
Last week both gold and silver staged important breakouts from base areas to commence major uptrends. This is a development that we had been expecting for quite some time. On the 1-year chart for gold we can see how it first broke out from the 3-arc Fan Correction that we earlier delineated with the biggest one day rise for many years - itself a very bullish development. After that it reacted back from the clear line of resistance dating back to late March that marked the top of the base area. This reaction served to ease the short-term overbought condition. Then late last week it blasted through the resistance, this move synchronising with a breakdown by the dollar in response to the Fannie - Freddie catastrophe. Read full article... Read full article...
Sunday, July 13, 2008
How to Use Gold to Protect Your Portfolio and Profit / Commodities / Gold & Silver
By: Money_Morning
Keith Fitz-Gerald writes: One of the things people don't understand about buying gold for diversification is that it doesn't work all the time.
It works over time. That means that you can't simply switch from one asset class to another when the going gets tough and expect miracles. Nor can you expect higher returns.
Read full article... Read full article...
Sunday, July 13, 2008
Gold and the Credit Crisis / Commodities / Gold & Silver
By: Roland_Watson
It could not have escaped your attention that the financial sector is undergoing a crisis of confidence just now as the sub-prime loan debacle continues to ripple out to what was once thought as impervious sectors of the banking world.
Having watched the spectacle of bank runs, bank failures (i.e. takeovers), a falling housing market, increased cost of credit, emergency Fed loans and banks trying to boost capital through rights issues, investors are naturally concerned that even their deposit accounts are under threat. Well so far I am not aware of any major loss of funds by depositors as the Federal Reserve steps in to stabilize the cash flow of vulnerable banks and guarantee the deposits of customers via the FDIC scheme.
Read full article... Read full article...
Friday, July 11, 2008
Gold Resting Ahead of Next Upleg / Commodities / Gold & Silver
By: Mike_Paulenoff
In the event of the world's financial, geopolitical and energy-related problems are NOT solved over the weekend, classic pattern analysis in the streetTRACKS Gold ETF (NYSE: GLD) argues for rest-digestion-pullback into the upside breakout area at 94.00-93.50, followed by a powerful upside pivot reversal that commences a new upleg. Should such a scenario unfold, then we should expect the GLD to head for 96.50 and then 100. Only a break below 92.00 will begin to compromise the upside breakout scenario.Read full article... Read full article...
Friday, July 11, 2008
Gold Soars on Rumours of Imminent Israeli Attack on Iran Nuclear Facilities / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES came within one dollar of a 15-week high early Friday in London, jumping 2.6% from yesterday's low as European stock markets fell for the sixth time in nine sessions.Crude oil prices meantime shot $4 to a new record high of almost $146 per barrel after the Jerusalem Post quoted Iraqi sources saying that Israel is practicing and preparing air strikes on nuclear sites in Iran .
Read full article... Read full article...
Thursday, July 10, 2008
Gold Rally Approaching Key Resistance / Commodities / Gold & Silver
By: Mike_Paulenoff
As we speak the streetTRACKS Gold ETF (NYSE: GLD) is pushing up against a 3-month resistance plateau around 93.30/40, which if hurdled should trigger upside acceleration of the March-July rounded base-like pattern. All of the action between March and July represents a correction that turned out to take the form of a high-level rounded base formation as well, which is exerting intense upward pressure on a series of rally peaks that occurred since March. If (when) hurdled, the GLD should accelerate towards 99-100.Read full article... Read full article...
Thursday, July 10, 2008
Gold Jumps as European Equities Sink / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD leapt 1% to a one-week high at the US opening on Thursday while oil prices struggled near $136 per barrel and European stock markets caught up with the S&P's latest 2% drop.The Dollar was little changed against the Euro and British Pound, despite news of a 53% jump in US home foreclosures last month from June '07.
Read full article... Read full article...
Thursday, July 10, 2008
Gold Homing in on $1000 Barrier as Stocks Deliver Zero Growth over Last 10 Years / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $926.30 , up $ 5.40 and silver was up to $18.07 , up 23 cents . Gold rose again in the New York Globex electronic market and in early trading in Asia and has remained firm in early European trading .With geopolitical risk remaining high and financial risk elevated (as seen with U.S. financial stocks yesterday experiencing their largest one day fall since the start of the current financial crisis nearly a year ago - meaning that the benchmark S&P 500 is officially in a bear market) gold is again receiving safe haven and inflation hedging investment flows which is resulting in higher prices.
Read full article... Read full article...
Thursday, July 10, 2008
Gold's Underlying Truth and Dow Jones Potential to Fall by 75% / Commodities / Gold & Silver
By: Brian_Bloom
As a reasonably intelligent man of 61 years of age, this analyst is not unmindful of the fact that his recent preoccupation with the wisdom of the Ancients has been raising eyebrows – if not questions as to his sanity – amongst regular and (previously?) loyal readers. What possible linkage could an understanding of the Ancients have with investment and making money?
Those who have been puzzled may rest assured. I have not been going off with the pixies. There are solid reasons; and one of these reasons flows from the fact that, in today's markets, everyone and his brother is a technical analyst.
Read full article... Read full article...
Wednesday, July 09, 2008
Gold Corrects After Recent Bullish Run as Iran Tests Long-range Shahab-3 Missile / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD gave back a 1% rally in London on Wednesday, trading $20 per ounce below this time last week as crude oil managed only a slight bounce on news of an Iranian missile test.Already subject to international sanctions over its nuclear research program, Tehran said today it successfully fired a Shahab-3 missile overnight, capable of reaching Israel.
Read full article... Read full article...
Wednesday, July 09, 2008
Gold Forecast to Rise to £1,800 (GBP) / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $920.90 , down $ 5 and silver fell to $17.8 4 , down 1 cents . Gold again traded down in the New York Globex electronic market and in early trading in Asia prior to rallying in late trading in Asia and and early European trading back above it's opening price in New York yesterday . Read full article... Read full article...
Wednesday, July 09, 2008
The Indian Gold Train is Leaving the Station ... / Commodities / Gold & Silver
By: Alex_Wallenwein
Indians who sold their gold in 2007 to buy stocks are now paying out the wazoo for their gross misjudgment. In January of 2008, the Bombay Stock Exchange fell by more than 4,000 points. It is now a full 8,000 points short of its January 8th peak, Read full article... Read full article...
Tuesday, July 08, 2008
Gold Volatile as Bear Market Grips Stocks / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD surged and then fell back in yet more volatile trade early Tuesday, regaining all of yesterday's 1.9% drop before slumping $14 per ounce.
The Gold Price then picked up again as world stock markets sank, oil prices ticked below $140 per barrel, and government bonds rose further.
Read full article... Read full article...
Tuesday, July 08, 2008
Grim Economic Outlook Drives Gold and Equities Lower / Commodities / Gold & Silver
By: Mark_OByrne
Gold finished trading in New York yesterday at $925.90 , down $6 and silver fell to $17.85 , down 43 cents . Gold then sold off somewhat in the New York Globex electronic market before rising again in Asian and early European trading to over $930 per ounce. A lessening likelihood of a military confrontation with Iran contributed to the fall in oil and gold's slight sell off.Read full article... Read full article...
Monday, July 07, 2008
Silver Short Positions Fallacies / Commodities / Gold & Silver
By: David_Morgan
I recently read an “advotorial” suggesting silver to be a fantastic investment, and I could not agree more. However, the author was stating that all short positions have to eventually be covered with physical silver and that when this took place there would be a price explosion.
It is a fallacy that all short positions have to be covered and the shorts will have to buy silver to cover. First, to state that all positions have to be covered is misleading; a position can remain open for a very long time, because as the contract becomes due, it can be rolled over. Technically, it is not the same position, because when it is “rolled forward,” it is a different month and involves a different contract, but basically the contract is moved out to a later date. This rolling takes place all the time in the futures markets.
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Monday, July 07, 2008
Gold Drops 2% from Post-Bear Stearns High / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION PRICES fell hard in Asia and London early on Monday, dropping almost 2% from Friday's 15-week closing high – their best level since peaking above $1,000 per ounce as the Federal Reserve stepped in to rescue Bear Stearns in mid-March.Crude oil futures dropped more than 1.5% to dip below $143 per barrel, almost 2.3% below the most record high, hit last Thursday.
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Sunday, July 06, 2008
Gold's Technical Buy and Sell Signals / Commodities / Gold & Silver
By: Brian_Bloom
Short term buy signals are being given by the gold share indices
- This, in context of medium term sell signal for gold itself, with a price target for gold at $780 an ounce
- This, in context of a long term buy signal and a visible price target of $1400 an ounce
Sunday, July 06, 2008
Profit from the US Fed Inflating the Commodities Bubble / Commodities / Gold & Silver
By: Martin_Hutchinson
U.S. Federal Reserve Chairman Ben S. Bernanke ignored the warnings of most economists last week, and kept the benchmark Federal Funds rate at 2%, far below the actual rate of inflation.
As a result of this non-move, investors can probably look forward to having global commodities boom to continue for at least a while longer.
Read full article... Read full article...
Friday, July 04, 2008
Gold vs. the World Chart / Commodities / Gold & Silver
By: Adrian_Ash
Olivia & Tatiana Van Vredenburch write: "...Take a look at this Global Gold Index, showing the price of gold against the world's top 10 largest currencies..."
BACK IN 1969 the International Monetary Fund (IMF) created a new kind of money – the ultimate form of international money, it believed – called the Special Drawing Right.
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Friday, July 04, 2008
Inflation Fuse has Been Lit, Protect Your Wealth With GOLD / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: First things first: Your family and your health. With a long holiday weekend coming up, enjoy both!
Then, when you get back on Monday, I want you to make darn sure you have plenty of gold in your portfolio. Why? Because your wealth is at stake. The Federal Reserve has lit the inflation fuse, and is bound and determined to devalue the U.S. dollar even more than they already have.
Read full article... Read full article...
Friday, July 04, 2008
Gold Hold Recent Advance in Thin European Trade / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES drifted in thin trade on Friday, bouncing off yesterday's low at $930 per ounce as crude oil ticked down and the US Dollar held flat after Thursday's 1.2% jump. New York was closed for the long Independence Day weekend." Gold is still holding onto its recent extreme gains very well," noted the Mitsui team here in London this morning.
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Thursday, July 03, 2008
ECB Interest Rate Hike Sends US Dollar High and Gold Lower / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered an overnight dip early in London on Thursday, re-touching this week's two-month highs as crude oil broke new all-time records near $146 per barrel and the Dollar fell after the much-expected Eurozone rate-hike.
As flagged by European Central Bank members since April, the ECB in Frankfurt today raised its overnight lending rate to 4.25%, widening the Euro's advantage over US Dollars to 225 basis points.
Read full article... Read full article...
Wednesday, July 02, 2008
Gold Short-term Delta Cycle Turning Points for July / Commodities / Gold & Silver
By: Ronald_Rosen
Our governments through their ignorance, stupidity, or just plain corruption for political purposes have delayed the full expression of the gold cycle until very near the end of the cycle. This means to the highest probability the price of gold will soon begin to explode to the upside. The only thing the delaying actions by governments and various banking authorities have produced is a monumental explosion in the gold price in order to meet the deadline of assigned time i.e., “ There is an appointed time for everything. And there is a time for every event under heaven.” Ecclesiastes 3:1Read full article... Read full article...
Wednesday, July 02, 2008
Gold Retreats on Credit Market Systemic Risk / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked lower early Wednesday, giving back half of Tuesday's gains to new 11-week highs as crude oil turned higher but Asian stock markets fell yet again.Despite yesterday's bounce in US equities, "the CDX 5-year investment-grade credit spread widened more than four basis points," notes Manqoba Madinane for Standard Bank in South Africa .
Read full article... Read full article...
Wednesday, July 02, 2008
Gold Surges on High Geopolitical Risk of Israel Militarily Strike on Iran / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged to $942.80 in New York yesterday and was up $16.30 and silver closed at $18.20, up 78 cents.Gold has succumbed to profit taking with the dollar flat and oil prices down marginally ( $141.30 per barrel <Light Sweet Crude Oil Future - Combined - AUG08> ). However, geopolitical risk remains ever present and this should result in gold remaining well bid at these levels.
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Tuesday, July 01, 2008
Gold and the Ancient Sequence of Market Numbers / Commodities / Gold & Silver
By: John_Needham
Passion and Precision Most Gold traders are also Gold buffs. As the oldest form of money known to man and the first step past a basic bartering system in our civilization's development, Gold and Silver occupy a special place in our psyche, thus it is not surprising that many traders are passionate about the commodity they trade. Passion in all its forms is more pleasurable in anticipation than reality, a concept that gains acceptance with age, but there are times when anticipation will not suffice and precision is demanded. So it is with the world of trading.
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Tuesday, July 01, 2008
Gold Prices Set to Double or Triple on Oil Shock / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES ticked back towards yesterday's 11-week highs early Tuesday, standing 1.1% above Monday's low as crude oil bounced on the threat of Israel bombing Iran .The Euro spiked above $1.5800 against the Dollar on the currency markets, as traders watched for Thursday's much-anticipated European Central Bank decision on interest rates.
Read full article... Read full article...
Monday, June 30, 2008
Gold Up as World Policy-Makers Pile Mistake on Mistake and Push Inflation Higher / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION jumped again early Monday, just breaking the May 21st high of $935 per ounce to touch an 11-week high.Crude oil rose to a new record above $143 per barrel, and bond yields ticked higher as prices fell.
Read full article... Read full article...
Monday, June 30, 2008
Gold Safe-haven Demand as Fed Credibility on the Line / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged to $928.50 in New York on Friday and was up $16.20 and silver closed at $17.62, up 50 cents.While the dollar has strengthened somewhat, oil has again rallied sharply to new record highs ( up 2.4% to over $143.60 per barrel <Light Sweet Crude Oil Future - Combined - AUG08> ) and this should result in gold remaining well bid at these levels. Geopolitical risk and continuing tensions in the Middle East and between the U.S. and Iran appear to be part of the driving force behind new record highs and this has led to gold being firm.
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Friday, June 27, 2008
Preserve Your Wealth Buy Gold / Commodities / Gold & Silver
By: Adrian_Ash
"...Turn up the gloom! Investors will do well merely to preserve wealth from here..."
IT'S HARD TO BE BULLISH on gold when there's so much bad news in the world.
After all, Gold offers a refuge against bad times ahead. Like all good insurance, it's best bought before trouble arrives – not during or after.
Read full article... Read full article...
Friday, June 27, 2008
Gold Jumps on Crude Oil Breakout Above $140 / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES jumped higher again in early London trade on Friday, breaking new one-month highs above $926 per ounce as crude oil reached all-time highs near $142 per barrel.
Asian stock markets closed the week almost 3% down while the US Dollar fell to a three-week low vs. the Euro.
Read full article... Read full article...
Friday, June 27, 2008
Gold has Largest One Day Gaim Since 1985 on Global Inflation Shock / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged to $912.30 in New York yesterday and was up $32.70 and silver closed at $17.12, up 64 cents.
Gold surged in what was the largest one day move since 1985 as the dollar weakened, oil prices surged to new record highs and stock markets fell sharply. While gold was up some 3%, most U.S. stock indices were down some 3% and this continued in Asia and early European trading with gold rising to over $920. Although European indices have recovered somewhat as the morning has progressed, gold has continued to remain firm and safe haven demand has reemerged on decreasing risk appetite.
Read full article... Read full article...
Thursday, June 26, 2008
Gold Jumps on Central Banks Failure to Act Against Inflation / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD jumped ahead of the Wall Street opening on Thursday after the Federal Reserve left US interest rates some 2.0% below the rate of inflation.Breaking $908 per ounce, Gold rose above last week's closing level as crude oil bounced and the US Dollar fell hard on the currency markets.
Read full article... Read full article...
Wednesday, June 25, 2008
Gold Lower Ahead of US Fed Interest Rate Indecision on Dollar and Inflation / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD ticked lower in London on Wednesday, dropping $4 per ounce from last night's close as currency, bond and stock market traders awaited today's decision and statement on US interest rates from the Federal Reserve."The Dollar managed to stabilize [overnight] in after-market trading," notes Manqoba Madinane at Standard Bank in Johannesburg , "possibly indicating that investors anticipate hawkish comments from the Fed on inflation today."
Read full article... Read full article...
Tuesday, June 24, 2008
Gold Rallies on Negative Real Interest Rates / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher in Asian and early London trade on Tuesday, recovering one-third of Monday's 2.7% drop as crude oil pushed higher and European stock markets sank.
The Dollar held flat ahead of tomorrow's Federal Reserve vote on interest rates. It's widely expected to leave the real returns paid to cash 2% below zero.
Read full article... Read full article...
Monday, June 23, 2008
Gold's Corrective Upleg is Complete / Commodities / Gold & Silver
By: Mike_Paulenoff
Although the weakness in the SPDR Gold Shares (NYSE: GLD) has not inflicted much if any meaningful technical damage to the overall pattern off of the 5/1 low of 83.57, today's big gap down certainly argues that the current upleg off of the 6/12 low at 84.83 into Friday's high at 89.61 is complete! In addition, my expectation of an approaching significant low closer to the timeframe of the bottoming of the 15-18 week cycle low between July 7 and 14 suggests that today's weakness is the start of the road towards such a low, which figures to be VERY important indeed. Let's expect the GLD to press towards a test of the rising 200 DMA in the 85-84 target zone in the upcoming hours/days -- and possibly decline into the 82.90/50 area prior to a powerful upside reversal.Read full article... Read full article...
Monday, June 23, 2008
Gold Remains Firm on Stagflation Fundamentals / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $901.70 in New York on Friday and was down 40 cents and silver closed at $17.33, up 1 cent. Gold was up over 4% last week and the close above $900 may prove important from a technical point of view in the coming weeks.Read full article... Read full article...
Monday, June 23, 2008
Gold Holds Ahead of US Interest Rate Decision / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back an early 0.6% rally in London on Monday, trading just shy of last week's close at $902 per ounce as crude oil bounced and European equities held flat.The world's biggest investment banks, meantime, issued a series of notes accusing each other of ever greater write-downs for the April-June quarter.
Read full article... Read full article...
Monday, June 23, 2008
Another Gold Attack, then North to $2,000! / Commodities / Gold & Silver
By: Alex_Wallenwein
Ordinarily, gold would be right before a major breakout point at this time, which should occur this week or the following week at the latest – but Wall Street and the entire US financial structure are so near a complete breakdown that another attack on gold must be expected. Here are the reasons why: Read full article... Read full article...
Sunday, June 22, 2008
Silver Fan and Pennant Corrective Pattern Resolving Towards Breakout / Commodities / Gold & Silver
By: Clive_Maund
The arguments relating to gold apply in large part to silver, so here we will only detail the important differences and readers are referred to the parallel Gold Market update.
Like gold, silver has been marking out a 3-arc Fan Correction following its March peak, and the chief difference between the two is that silver looks even stronger. On the 1-year chart we can see that silver has marked out a more solid looking base line of support between about $16.20 and $16.50 above its rising 200-day moving average and we can also see that it is closer to breaking out above the 3rd fanline of the fan pattern.
Sunday, June 22, 2008
Gold on the Cusp of a Major Breakout / Commodities / Gold & Silver
By: Clive_Maund
Although gold has remained in the doldrums since the last update, there is plenty of evidence that another strong uptrend is solely a question of when, not if. On the 1-year chart we can see that the reactive phase in force from mid-March is taking the form of 3-arc Fan Correction that is now believed to be quite close to completion. These fan patterns typically start out with a steep, panicky selloff as intermediate traders realize that the game of over for the time being and hit the exits. This is normally followed by a significant bounce and then by a more measured decline that frequently wreaks the most damage because it drags on for alot longer, although that was not the case here. Then, after another bounce renewed decline sets in, but this time there is little selling pressure behind it, and this downleg frequently terminates only a little below the 2nd drop and sometimes at or above it, which is a sign of strength. Read full article... Read full article...
Saturday, June 21, 2008
Gold Long-term Rating Once more Turns Bullish / Commodities / Gold & Silver
By: Merv_Burak
Gold was up every day this past week (and Friday of the previous) and still not really showing any great upside strength. Gold bugs always seem to think that up is the only direction but sometimes we get surprises. Are we in for one ahead?
GOLD : LONG TERM
With the continuous upside action there has been some changes to the long term indicators this past week. The price of gold has once more moved above its moving average line and the line remains in a positive slope.
Friday, June 20, 2008
SILVER and its Investment and Industrial Sides / Commodities / Gold & Silver
By: David_Morgan
What drives the price of silver? Certainly it is a function of buying and selling pressure, and primarily, this price setting mechanism takes place on the COMEX. However, so much has been written recently about short selling, price management, and naked sales, and on and on, that I wanted to take a more basic look at demand. Real demand and investment demand, regardless of how the price is set, fall into two main categories. We have investment demand (monetary demand), and we have industrial demand. In this year's World Silver Survey 2008, sponsored by the Silver Institute, under the Investment Chapter it states, “Investor activity was the main driver of the high and volatile silver price in 2007.”Read full article... Read full article...
Friday, June 20, 2008
Invsting in Sliver- SLV Silver ETF / Commodities / Gold & Silver
By: Zeal_LLC
On April 28th, 2006 , Barclays launched the first silver exchange-traded fund in the US . Traded on the AMEX as SLV, the iShares Silver Trust was eagerly anticipated by silver investors ahead of its birth. It ushered in a new era where vast pools of stock-market capital gained an easy conduit into the physical silver market.
One of the reasons investors originally liked SLV so much is silver consumers aggressively lobbied the SEC to kill it. The Silver Users Association wrote some fascinating letters to the SEC bemoaning the birth of SLV as the end of cheap silver as we knew it. Established in 1947, the SUA is an organization of industrial users of silver in applications including photographic, electronic, silverware, jewelry, and other fabrication.
Read full article... Read full article...
Friday, June 20, 2008
Gold BREAKOUT! / Commodities / Gold & Silver
By: Peter_Degraaf
Gold is breaking out on the upside today, after having been contained in a bullish pennant formation for the past 93 days. This 93 day period satisfies the time element, (referring to the average of the late spring – early summer pull-backs in gold), since the current bull market began, in 2001.
Virtually every year we witness a Christmas rally in gold, with the seasonal lows coming in the spring, following a correction towards the 200DMA.
Read full article... Read full article...
Friday, June 20, 2008
Investors Reallocate from Oil to Gold as Inflation Defense / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher from an overnight lull early Friday, recording the highest Morning Fix in London since June 9th at precisely $900.00 per ounce.Crude oil futures bounced more than 1% from Thursday's sudden $4 sell-off to $131 per barrel, while European stock markets dropped towards a three-month low, led by banking shares.
Read full article... Read full article...
Thursday, June 19, 2008
South African Gold Production Slumps by 10% Driving Gold Price Higher / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $891.30 in New York yesterday and was up $6.90 and silver closed at $17.31, up 26 cents. Since then g old has again traded in a range between $88 5 and $89 5 in Asia n and in early European trading this morning .Gold rose in early trading in Europe when oil prices rose on news that Anglo-Dutch oil giant Shell had halted production at a major offshore oil facility in Nigeria because of a militant attack . It has since given back those early gains and dollar strength this morning seems to have led to a sell off in gold.
Read full article... Read full article...
Thursday, June 19, 2008
Gold Leaps to $905 as FBI Arrests Bear Stearns Hedge Fund Managers / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES leapt against all currencies at the US open on Thursday, surging to a four-week high above $905 per ounce on what looked to be one or more large New York orders amid an otherwise quiet market.
Crude oil bounced from an overnight dip as the US Dollar ticked gently lower on the forex market and energy-giant Shell closed 200,000 barrels of daily production in response to militant attacks in Nigeria .
Read full article... Read full article...
Wednesday, June 18, 2008
Gold Wedged Between Support and Resistance / Commodities / Gold & Silver
By: Mike_Paulenoff
Very interesting situation developing in spot gold -- and by extension, the GLD (streetTRACKS Gold Shares). Let's notice that the price structure is wedge-in between the rising 200 DMA (support at $859), and the 50 & 21 DMAs (resistance) as well as the March-June resistance line all clustered around $900. My sense is that if gold hurdles and sustains above $900, gold prices could rocket towards $1000 again.Read full article... Read full article...
Wednesday, June 18, 2008
Smart Money Heading Back into Gold? / Commodities / Gold & Silver
By: Adrian_Ash
"...The current lull in the gold market may signal a great chance to buy before the price moves sharply higher once more..."
WHAT YOU MAKE of the gold market right now depends on what you make of the kind of data UBS's precious metals team follow.
Read full article... Read full article...
Tuesday, June 17, 2008
Gold Cheap on Oil Ratio Basis / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $883.20 in New York yesterday and was up $13.30 and silver closed at $1 7.24 up 67 cents. Gold traded in a range between $880 and $890 in Asia n and in European trading this morning prior to selling off at the open on the NYMEX . With oil selling off and the dollar stronger versus the euro today, gold has come under pressure. But the inflation genie is well and truly out of the bottle and central banks internationally are in an extremely difficult situation. Unfortunately, present macroeconomic conditions look set to worsen (possibly considerably) in the coming months before they get better. Stagflation is increasing by the day and this will result in gold outperforming other asset classes in the coming months as it did in the 1970's.
Read full article... Read full article...
Tuesday, June 17, 2008
Western Policy-Makers Refuse to Raise Interest Rates to Combat Surging Inflation / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped out of a tight range just before the US open on Tuesday as strong volatility hit bonds, commodities and currency markets worldwide.Shanghai stocks dropped almost 3% on average, while crude oil slid $7 per barrel from Monday's new record highs near $140.
Read full article... Read full article...
Monday, June 16, 2008
Gold Jumps on Strong European Inflation Data / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD jumped almost 1.3% from an early dip in London on Monday, rising above $879 per ounce as the latest European inflation data showed the cost of living rising at a 16-year record."Everywhere I turn, inflation is out of control," said Peter McGuire of Commodity Warrants Australia to Bloomberg TV overnight.
Read full article... Read full article...
Saturday, June 14, 2008
Gold Longterm Trend Turns Bearish / Commodities / Gold & Silver
By: Merv_Burak
These $10 and $20 moves are quite frustrating, especially those on the down side, BUT if one looks closely on a chart there might be things that may be encouraging (or not). So, let's look at some charts.
GOLD: LONG TERM - What we have here is a long term point and figure chart of the gold price movement since 1987. The red lines are bear trend or resistance lines while the blue lines are bull trend or support lines. The thickest lines are primary lines while the thinner lines are secondary.
Read full article... Read full article...
Saturday, June 14, 2008
Black Swans and Gold / Commodities / Gold & Silver
By: John_Needham
While it is all white swans and their cygnets on the common at this time of the year in London , black swan events are a very real possibility as John Needham explains in the following article. - Yvonne Lundon-Marchant - The Daniel Code U.K. and Europe
With Fed chief Bernanke trumpeting that the credit crisis is abating, a postscript to his promise that “the subprime problem is contained”, and asserting that the US will not see recession, punters are feeling warm and fuzzy about US markets and apart from an occasional frown about gasoline prices, generally the thrust is that the worst is over. If you are in that camp you may have to think again. As our theme photo shows, tree climbing skills come in handy when bears are on the loose.
Read full article... Read full article...
Friday, June 13, 2008
How Will the Oil Market Drive Gold and Silver? / Commodities / Gold & Silver
By: Julian_DW_Phillips
The oil price rose to $139 on Friday and looked like it was 'spiking' to over $150. But is it? That's a rise of 44% this year. A great deal more than technical chart pointers will be needed to understand where oil, food, gold and silver are headed in this environment. If this is the time when consumer and investor demand will rise beyond supply's ability to provide enough, then this is not a 'spike' but a structural change in the market. It will produce a systemic crisis that has to be resolved in collaboration by the world's governments. Are they capable of such cooperation? The prospect of $200 oil then comes into view.Read full article... Read full article...
Friday, June 13, 2008
Gold Rallies on US May 4.2% CPI Inflation / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rallied into the US opening on Friday, bouncing from their second dip below $860 per ounce on news that US consumer-price inflation rose to 4.2% in May.Crude oil and the Euro held flat, meantime, while Asian stock markets closed out their worst week since the global banking crisis began in summer '07.
Read full article... Read full article...
Friday, June 13, 2008
Gold Sell off Despite Building Inflationary Pressures / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $869.50 in New York and was down $10.50 and silver closed at $16.48 down 29 cents. Gold rallied initially in Asia but has subsequently given up those gains and has fallen in Asia overnight and in early European trading this morning.Read full article... Read full article...
Thursday, June 12, 2008
The Treasury Yield Curve and the Gold Bull Market Trend / Commodities / Gold & Silver
By: Jim_Willie_CB
Some very confusing factors are at work relating to the US Treasury Bond market and the gold market. To assume that gold will rise in knee jerk fashion in response to the gargantuan grotesque growth in monetary inflation (aka US$ money supply) is simply naïve for the public and amateurish for professionals. Never in the US history has more confusion reigned within the body financial. This is to be expected, since the US banking system is insolvent, in parallel to the US housing landscape being increasingly insolvent. The nation must soon make difficult decisions on rebuilding the United States , its infrastructure, its energy supply industry, and put down its military weapons used abroad. Some strange effects are detectable regarding the US Treasury yield curve changes in recent weeks. Read full article... Read full article...
Thursday, June 12, 2008
Elliott Wave Analysis of Crude OIl and the US Dollar / Commodities / Gold & Silver
By: Dan_Stinson
The USD has completed a leading diagonal and is currently in a wave (2) correction. The current wave up is close to completion and we should see one more wave down to complete wave (2) down. Once this wave down completes, we should see a strong rally in wave (3) up. Read full article... Read full article...
Thursday, June 12, 2008
Nothing Sweet About Gold / Commodities / Gold & Silver
By: Nadeem_Walayat
One thing that I have noticed whenever I publish an article on gold that concludes with a bearish outlook, it tends to be followed by an healthy email response usually informing me that I am completely wrong and that gold is destined to travel to the moon. No other market analysis generates such a response. This clearly signals to me that many, many investors are over weighted in the gold and precious metals which in itself is a warning sign of an imminent peak. Read full article... Read full article...
Thursday, June 12, 2008
Gold Sinks to 5-Week Low / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slid yet again overnight on Thursday, giving back all of yesterday's 1.9% rally to reach fresh one-month lows below $862 per ounce as Western stock markets rallied, led by beaten-down banking shares.Bond prices slipped, pushing interest rates higher. The Dollar rose sharply on the forex market. Crude oil and commodity prices fell.
Read full article... Read full article...
Thursday, June 12, 2008
Gold Stocks - the Rumbling Volcano About to Explode! / Commodities / Gold & Silver
By: Alex_Wallenwein
Rising inflationary expectations keep money exiting the faltering stock markets away from their designer-made "safe havens" - government bonds. The result will be a powerful breakout of the precious metals and their mining shares.
The time for gold stocks to regain their old leverage over gold and ratchet up into their next higher orbit is very near, even though at the moment it may not look that way. Here are the reasons why:
Read full article... Read full article...
Thursday, June 12, 2008
Gold Remains the Fringe Preserve of the Smart Money / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $881.00 in New York and was up $13.20 and silver closed at $16.84 up 27 cents. Gold has subsequently given up some of yesterday gains and has fallen in Asia overnight and in early European trading this morning.Read full article... Read full article...
Thursday, June 12, 2008
A Primer on the Silver Basis- Putting Loin-Cloth On The Naked Bogeyman / Commodities / Gold & Silver
By: Professor_Emeritus
I started writing this piece as the sub-prime crisis was unfolding. I wanted to establish the connection between the silver basis and the budding banking crisis caused by phony bond insurance schemes and the lack of hedging irredeemable dollar debt with metal holdings. My original title was Putting Clothes on the Naked Bogeyman . As writing progressed I realized that it would take more than one article to dress up the bogeyman; hence the revised title. Read full article... Read full article...
Wednesday, June 11, 2008
US / China Trade Imbalance Driving Dollar Lower and Gold Higher / Commodities / Gold & Silver
By: Adrian_Ash
"...Take a gun-boat and 1,200 tonnes of opium, and America could close its trade gap with China tomorrow..."
DO DEFICITS MATTER? Right around the time that English missionaries produced the first Bible in Chinese, the British Empire found itself with a trickier kind of translation problem.
Read full article... Read full article...
Wednesday, June 11, 2008
An Historic Year for Gold... June 2007 to May 2008 / Commodities / Gold & Silver
By: Michael_J_Kosares
July, June, August 2007
- Subprime crisis hits media, discovered to be global
- World central banks inject billions to save financial system
Read full article... Read full article...
Wednesday, June 11, 2008
Gold Back to $1,000 on ECB Inflation Busting Interest Rate Rising Plan / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher in London trade early Wednesday, recovering 1.3% from yesterday's one-week low as crude oil jumped back to $133 per barrel.Asian equities were mixed after the US Dollar retreated from a new 15-week high against the Japanese Yen above ¥107.70.
Read full article... Read full article...
Tuesday, June 10, 2008
Gold Slides as Dollar Bounces on Bernanke's New "Strong Dollar" Policy / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL BULLION slid further in Asia and London on Tuesday, losing half of the Gold Market 's bounce from last Thursday's three-week low after Ben Bernanke – chairman of the US Federal Reserve – repeated his claim of wanting to fight inflation.Base metal and food prices sank, while crude oil dropped another 0.5% to trade more than $5 below Friday's All-Time Record Oil Price .
Read full article... Read full article...
Tuesday, June 10, 2008
Gold Weakens on Another Dollar Dead Cat Bounce / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $894.80 in New York and was down 70 cents and silver closed at $17.15 down 22 cents. Both have sold off in Asia overnight and in early European trading this morning.Read full article... Read full article...
Monday, June 09, 2008
Gold Rally Failure Could be the Shorting Opportunity of the Year / Commodities / Gold & Silver
By: Joe_Nicholson
“The rising trendline from the May low will be a crucial support... with the 50-day sma continuing its decline, the convergence at the trendline will create a crucial decision area that could lead to the new lows mentioned here for weeks. Some Fed members have indicated a desire to reverse their rate cuts aggressively, which seems an optimistic outlook. Greenspan's assurances notwithstanding, the possibility remains of the entire mess devolving into a deep recession.”~ Precious Points: Confirmation , June 02, 2008 Read full article... Read full article...
Monday, June 09, 2008
Gold Follows Crude Oil Higher / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose sharply at the London opening on Monday, starting the week $20 per ounce above last Monday's start as crude oil dipped from its new all-time highs.
The US Dollar fell hard on the currency market. The Nikkei share index in Tokyo closed the day more than 2% lower.
Read full article... Read full article...
Friday, June 06, 2008
Gold Stocks Show Bullish Divergence / Commodities / Gold & Silver
By: David_Morgan
It is impossible to extrapolate anything from a single data point, however careful observation usually pays dividends especially when looking for certain clues that financial markets may signal. Today, Thursday June 5, 2008 I noticed that gold was down on the day and yet gold stocks were up. Silver actually had a rather positive day overall and many silver equities were up two to three percent on the day. Normally, when gold is off even slightly and gold stocks show mild strength it is a result of short covering. In fact this is most likely the cause of today's price action. Read full article... Read full article...
Friday, June 06, 2008
Government Raids and Seizures- How Safe Is Your Gold? / Commodities / Gold & Silver
By: Mike_Shedlock
Minyan "SC" is concerned about gold in safe deposit boxes. Just how safe is it? "SC" asks:
There is a disturbing comment by Jim Sinclair about safe deposit boxes in Britain not being so safe from the prying eyes of the government.
Read full article... Read full article...
Friday, June 06, 2008
Gold Correction Over / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE of SPOT GOLD rose more than 1% in London 's morning session on Friday, regaining last week's closing level of $888 per ounce as crude oil added to Thursday's record 5.4% jump.European stock markets held flat, meantime, while corn prices reached new record highs on news of heavy rains and flooding in the US mid-west.
Read full article... Read full article...
Friday, June 06, 2008
Gold Supported by Negative Real US Interest Rates / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $872.20 in New York yesterday and was down $8.30 but silver closed at $17.07 and was up 23 cents. Both have rallied in Asia and in early European trading.The dollar is flat after yesterday's weakness but oil is up again (another nearly 2%) after yesterday's surge and this is leading to gold buying.
Read full article... Read full article...
Friday, June 06, 2008
Silver Conditions Ripe for a Major Uptrend / Commodities / Gold & Silver
By: Clive_Maund
The positive implications of silver's mid-May breakout from a pronounced bullish Falling Wedge downtrend channel have by no means been invalidated by the subsequent rather savage reaction that has got a lot of traders fooled into “thinking grizzly”. In the 1st place a post breakout reaction back to test support at the top of the downtrend channel is quite normal, and secondly the reaction has brought the price back down again to the zone of strong support shown on our 1-year chart, which is now being bolstered by the 200-day moving average rising into it.Read full article... Read full article...
Friday, June 06, 2008
Gold Ready to Begin Next Major Uptrend / Commodities / Gold & Silver
By: Clive_Maund
Gold is now in position to begin its next major uptrend, and in relation to where this uptrend is going to take it, it is considered to be at a very good price right now. According to the “Summer doldrums” crowd who are obsessed with seasonal factors, gold has to wait until August to go up, because everyone is preoccupied with Summer holidays, making the most of the good weather, pursuing pretty girls and looking after unruly kids released from the confines of school etc etc. Oh - is that so? - try telling that to Wall St traders who thought they were safe on the beaches of Long Island with their huge picnic hampers last August. Read full article... Read full article...
Friday, June 06, 2008
It's Not A Dollar Crisis- It's A Gold Crisis / Commodities / Gold & Silver
By: Professor_Emeritus
The title is a bow to Peter Schiff for his admirable article It's Not an Oil Crisis: It's a US Dollar Crisis .
Thirty-five years ago gold, symbol of permanence, was chased out from the Monetary Garden of Eden, replaced by the floating irredeemable dollar as the pillar of the international monetary system. That's right: a floating pillar. The gold demonetization exercise was a farce. It was designed as a fig leaf to cover up the ugly default of the U.S. government on its gold-redeemable sight obligations to foreigners.
Read full article... Read full article...
Thursday, June 05, 2008
Gold Continues to Consolidation / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $ 880.50 in New York yesterday and was down $1.80 and silver closed at $16.84 and was up 5 cents . Gold initially rose in Asia prior to selling off and has continued to sell off in European trading.Gold continues to consolidate between $850 and $950 but the 200 day moving average at $875 and $850 look like providing strong support given the prevailing macroeconomic climate and the ever important supply demand fundamentals (see below).
Read full article... Read full article...
Wednesday, June 04, 2008
Gold Recovers One-Third of "Bernanke Plunge" / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered one-third of yesterday's $18 plunge early Wednesday as crude oil slid to a three-week low and European equity markets dropped 2%, led lower by mining and banking stocks.The Euro ticked higher against the Dollar, regaining a quarter of Tuesday's two cent plunge.
Read full article... Read full article...
Tuesday, June 03, 2008
Neutral Dollar is Bearish for Gold / Commodities / Gold & Silver
By: Ned_W_Schmidt
As is readily apparent, the Gold market had been living this past year in those rare best of times. Federal Reserve was on a determined course to lower interest rates. That encouraged selling of U.S. dollar, pushing it down in value. At the same time, a mini mania developed in paper oil market. While no shortage of physical oil could be found, the paper oil market moved higher. Those factors emboldened Gold traders to bid the metal higher.Read full article... Read full article...
Tuesday, June 03, 2008
Gold Lifted Followng Bradford & Bingley Banking Sector Shockwaves / Commodities / Gold & Silver
By: Mark_OByrne
Gold closed at $893.50 in New York yesterday and was up $6.50 and silver closed at $16.87 and was up 4 cents .Gold's rise yesterday came despite little or no movement in the dollar and oil price and seems to have been primarily safe haven buying on continuing concerns about the credit crisis.
Read full article... Read full article...
Tuesday, June 03, 2008
Gold Safe Haven Play as Credit Crunch Hits Banks Again / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped 0.5% as the US open drew near on Tuesday after touching yesterday's three-session high of $897 per ounce early in London .The European single currency – celebrating its tenth anniversary this week – also rose to its best level vs. the Dollar since Thursday, hitting $1.5630 on the currency markets.
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Monday, June 02, 2008
Gold Rises on Credit Crisis as UK Banks Slump / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES jumped 1.2% higher after an early dip on Monday, gaining as European stock markets fell sharply.The Gold Price then fell back to trade near to last week's close as the New York opening drew near.
US stock futures pointed down, while crude oil prices slipped 1.3% to fall below $126 per barrel.
Read full article... Read full article...
Sunday, June 01, 2008
Gold Correction Confirmation / Commodities / Gold & Silver
By: Joe_Nicholson
“The primary expectation [is]… a three-wave correction off the recent lows, culminating in a 5-wave move up that will reverse and produce new lows. One more new high to complete c of b is likely. A move back below the 50-day sma would tend to contraindicate the impulsive count, but overlap of wave 1 at $890 is needed to invalidate the impulse… while physical buyers who've chased the rapidly rising price are literally left holding the bag.” ~ Precious Points: B Unbiased, May 25, 2008Read full article... Read full article...
Sunday, June 01, 2008
Gold and Silver at Crucial Point Between Bull and Bear / Commodities / Gold & Silver
By: Merv_Burak
It was a bad week but not yet a disaster.
Illness in the family. Commentary will be short.
GOLD: LONG TERM For the next few weeks, time will not permit a detailed review of the precious metals market. I would recommend that readers go to the TABLE of Precious Metals Indices for a view of the technical information about the various Indices and markets.
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Sunday, June 01, 2008
Gold and Silver Heading for Imminent Deflationary Crash? / Commodities / Gold & Silver
By: Mick_Phoenix
Welcome to the Weekly Report. This week we look at the end of the western world as we know it. Well okay if not the end then it's the beginning of the end. My interest over the past few weeks has switched from stocks into bonds. Interesting things are happening to bonds and we should take note. We round off this week with a look at the Dow and a new indicator. Read full article... Read full article...
Saturday, May 31, 2008
The End of Gold Manipulation / Politics / Gold & Silver
By: Alex_Wallenwein
Every investor has the power to end gold manipulation. All he must do is lift a single finger – but at the right time, and at the right place.
If you had a chance to end gold manipulation, would you use it?
I can remember the days of 1999, when Bill Murphy and Chris Powell of GATA were serving every member of Congress with their evidence of gold-price manipulation by the top US bullion banks, by the Federal Reserve, and via the Treasury Department's Exchange Stabilization Fund. The result was a lot of raised eyebrows and some frantic paper shuffling - followed by a roaring, deafening silence.
Read full article... Read full article...
Saturday, May 31, 2008
Your Silver Holdings are they Paper or Real ? / Commodities / Gold & Silver
By: David_Morgan
In 2001 I was asked to write the "Ten Rules of Silver Investing" for the investing rules book published in Great Britain in 2001. The complete title of this book is The Global-Investor Book of Investing Rules -- Invaluable Advice from 150 Master Investors . My portion is available for free to anyone on the Internet willing to sign up here . In this week's article, let us examine Silver Investing Rule Number Six.Read full article... Read full article...
Friday, May 30, 2008
Don't be Afraid, Buy Gold / Commodities / Gold & Silver
By: Peter_Schiff
As the price of gold has taken some lumps since it crashed into the symbolically significant $1,000 per ounce mark back in March, those on Wall Street who had consistently underplayed its potential on its way up are now assuring its continued retreat. According to these gold market spectators, prices have risen solely as a result of financial panic, and now that the fear has apparently subsided, gold's gains will evaporate as well.Read full article... Read full article...
Friday, May 30, 2008
Gold Bugs Switching to Black Gold? / Commodities / Gold & Silver
By: Black_Swan
I’m beginning to wonder if some of the gold bugs are starting to switch to the dark side (crude oil). Why? Well, gold and crude oil have been very closely correlated on many occasions – mostly due to the long-term dollar bear market. Except right now, amidst surging oil prices (seems like a new record everyday), gold prices are just muddling around with a downward tilt. You know the gold bugs can’t be happy watching things play out this way.Read full article... Read full article...
Thursday, May 29, 2008
Gold Slumps on Strong Dollar / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back an overnight rally early in London on Thursday, flirting with a two-week low beneath $890 per ounce as crude oil fell 0.6%, the US Dollar rose, and world stock markets continued to gain."There is not much speculative participation" in the Gold Market right now, according to one London fund manager.
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Thursday, May 29, 2008
Gold Screaming Bear Market Targetting $650- Yorba TV Show / Commodities / Gold & Silver
By: Anthony_Cherniawski
Here are the topics for todays television show on www.yorba.tv Thursday at 4:00 pm EDT.The first topic is the making of a head and shoulders pattern. Chart # 1 shows the price of gold for the past year. Let me point out an obvious level of resistance on the way up last fall. In early November, gold bounced up against resistance at 850 and fell back. On the second attempt, it cut through resistance, but fell back to retest it in January 2008.
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Thursday, May 29, 2008
Laws to Prevent 'Investment' Buying Oil, Gold and Silver?- Part1 / Commodities / Gold & Silver
By: Julian_DW_Phillips
The chairman of a Senate oversight committee, Joseph Lieberman, has said he is considering legislation to place limits on large institutional investors in commodities markets, which have posted record prices this year in agricultural products and oil. The chairman of the Senate Homeland Security and Government Affairs Committee said that the legislation would be aimed at speculators and other investors who use commodities as a way to hedge against swings in other investment instruments like stocks and the dollar.Read full article... Read full article...
Wednesday, May 28, 2008
Energy and Resources in High Demand / Commodities / Gold & Silver
By: Aden_Forecast
There seems to be no stopping the high flying oil price as it leaps above $130, a price that seemed unlikely just last December. The growth in oil demand will continue to be driven by China and Asia , in spite of the U.S. economic slowdown.
In fact, according to the International Energy Agency, China, India , Russia and the Middle East will consume more crude than the U.S. , for the first time. Oil use worldwide will increase 2% this year because of the emerging markets. So with demand as robust as it is, any possible supply disruption will simply push oil up further.
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Wednesday, May 28, 2008
Gold Follows Crude Oil Slide / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD slumped another $18 at the London opening on Wednesday, falling to an eight-session low as crude oil slid yet again.European equity markets turned sharply higher for the first time in a week – gaining 1.5% in Paris – while bond prices fell on news of accelerating inflation in Germany , the Eurozone's largest single economy.
Read full article... Read full article...
Wednesday, May 28, 2008
Gold Technically Damaged / Commodities / Gold & Silver
By: Mark_OByrne
Gold's sharp sell off yesterday (Gold closed at $907.40 down $18.60; Silver at $17.45 down 79 cents) has continued. Gold traded sideways in Asia before selling off again late in Asia and in early trading in Europe. Stock markets in Asia were mixed overnight but European markets have recovered from early losses and the FTSE is up nearly 0.5% in the session so far.Read full article... Read full article...
Wednesday, May 28, 2008
Gold Alternative Elliott Wave Counts / Commodities / Gold & Silver
By: Joe_Nicholson
“We've made no secret of viewing the current bullishness as a “sucker's rally” until proven otherwise, and will continue to seek verification for this view, with an open mind towards changing our outlook if dictated by price action. The current advance… could easily extend to the 5-week sma, at about $920. Strong resistance also exists at $955. Dollar strength seems technical and artificial, rather than based on strong fundamentals, but may yet last just long enough to provide the best gold buying opportunity in months.” ~ Precious Points: So Far So Good, May 17, 2008Read full article... Read full article...
Tuesday, May 27, 2008
Gold Dips as Crude Oil Gains / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked lower in early action on Tuesday, slipping just below the tight trading range seen on Monday, when London and New York – the center of world Gold Trading – were closed for public holidays.Crude oil meantime rose above $133 per barrel after militants hit key pipelines in Nigeria .
Read full article... Read full article...
Tuesday, May 27, 2008
Middle Eastern Gold Demand Surges in 1st Quarter / Commodities / Gold & Silver
By: Mark_OByrne
With markets in the U.S. and UK closed yesterday for US Memorial Day and UK bank holiday, gold traded sideways in slow trade in Asia and Europe. Stock markets in Asia were positive overnight but European markets have come under pressure and the FTSE has given up its early morning gains to trade flat for the session so far.Read full article... Read full article...
Monday, May 26, 2008
Silver Coin Shortage Could Lead to Silver Price Spike / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up 3% last week and silver surged nearly 8% (more on silver below) and in normal circumstances profit taking would be expected in the early part of this week. But with oil remaining near record levels and inflation concerns increasing significantly, gold (and silver) may again surprise to the upside. Oil was up by 4.6% last week and is up another 1% today. Gold and silver will outperform oil in the coming weeks.Read full article... Read full article...
Monday, May 26, 2008
Sell Gold in May and Go Away? / Commodities / Gold & Silver
By: Roland_Watson
Gold is currently moving in volatile times and to me at least the debate on where it is going next looks increasingly polarized. While the hot money seems to have abandoned gold and silver to ride the crude oil bandwagon (which will certainly suffer the same drop soon), the old maxim "Sell in May and go away" seems to have been pinned to gold's lapel. Read full article... Read full article...
Sunday, May 25, 2008
Why Gold Will Get Whacked Again! / Commodities / Gold & Silver
By: Alex_Wallenwein
Gold has recovered from its previous two “whacks” rather nicely this past week and the Friday before, but it will very likely be whacked again very soon, possibly as early as this coming Monday.
Why?
Because gold is rising while the Dow/US stocks are in ultra-dangerous territory.
Read full article... Read full article...
Sunday, May 25, 2008
Gold Rallies Towards Resistance at $950 / Commodities / Gold & Silver
By: Merv_Burak
Despite a good week for gold, it seems to be laboring in its attempt to move higher. Silver, however, seems to be doing okay.
HOLIDAY SCHEDULE - The commentaries will be highly simplified over the next few weeks. Visiting relatives and stuff like that.
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Friday, May 23, 2008
Crude Oil Spikes Impact on Gold and Silver Price - Part 2 of 2 / Commodities / Gold & Silver
By: Julian_DW_Phillips
Why Supply is Not Rising with Higher Prices?On the supply side, certain opaque realities are often overlooked and have to be faced clearly. Non-OPEC oil producers are unable to push up oil production as fast as incremental demand is expanding. Old oil fields are declining while new ones are not coming on stream fast enough. This situation will not change in the next few years, unless new oil fields are found.
Read full article... Read full article...
Friday, May 23, 2008
The Case for Gold Hitting $1300 / Commodities / Gold & Silver
By: John_Lee
In October 2007, when gold was USD 750/oz and a US Dollar fetched 7.5 Chinese Renminbi Yuan (RMB), I published an article titled “Gold and RMB – Last Shoe to Drop for the dollar” , in which I said:
For a US family that spends $300 to $500 a month on Chinese goods, a further 40% appreciation of the RMB will translate into a $100 to $200 monthly cost increase. The logic of asking the Chinese to revalue their currency upwards is no different from asking the Saudi's to jack up their oil price further, which is no logic at all for a US consumer.
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Friday, May 23, 2008
Silver Technicals Suggest Basing Patern Before Next Leg Up / Commodities / Gold & Silver
By: Zeal_LLC
I've never seen any other commodity generate such a fanatical following as silver. There are many investors and speculators interested in nothing but silver and its miners. There are financial newsletters focused solely on silver. This metal's ecosystem, birthed by a legendary superspike over 28 years ago, is totally unique.
With so much riding on silver for so many traders, emotions are amplified tremendously. If 10% of your portfolio is exposed to silver, and it doesn't live up to your expectations, you can shrug it off. But if 90% of your capital is deployed in the silver realm, and silver lets you down, it is devastating. This is made all the worse by the capricious and hyper-volatile nature of silver. It takes no prisoners.
Read full article... Read full article...
Friday, May 23, 2008
Gold Rallies as Crude Oil Bounces / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered an overnight dip of 0.7% early in London on Friday, nearing the US open above $926 per ounce as crude oil bounced from yesterday's sharp sell-off.The US Dollar held flat against the Euro after a surprise fall in the PMI index, which tracks the European economic outlook.
Read full article... Read full article...
Friday, May 23, 2008
China Gold Demand Surges as Chinese Investors Diversify / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down 1% ($ 9.50 to $9 18.10 ) but silver remained firm and closed marginally lower ( down $0.06 to $17.9 2 ) and profit taking on oil's weakness was seen by many as the primary cause of yesterday's sell off . Gold traded sideways in Asia but has rallied in early trade in Europe.With increasing doubts about the sustainability of the recent rebound of the dollar and of global stock markets, safe haven demand for gold is likely to reaccelerate in the coming weeks.
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Thursday, May 22, 2008
Gold and Silver Breakout on the Failure of US Brand of Capitalism / Commodities / Gold & Silver
By: Jim_Willie_CB
The gold and silver prices have broken out on the upside, not to register new highs but rather to emerge from a clear bullish wedge pattern in their daily charts. The stage is set for assaults on the 1000 gold high and the 21 silver high. Furthermore, and more boldly stated, the stage was set last January for tremendous moves in gold toward 2000 and silver toward 50 in the next 18 to 24 months, give or take. The crude oil price surged past 100. Next the gold price will surge through 1000, as in SURGE. The key commercial commodity is crude oil. The key financial commodity is gold (silver also). Unprecedented monetary inflation invites unprecedented reaction in the crude oil and precious metal prices, where justice still is enforced. This key cause and effect is sorely missed by slick Wall Street conmen and carnival barkers. They invest privately in secrecy, while they promote publicly with deception, fraud, and influence of public media networks. They invest in the energy futures markets, while talking about speculation as the blame factor. They have yet to read and absorb the Peak Oil phenomenon on billboards. Oil supply reliability and disruption is a key story behind crude oil prices right now, not speculation. Permit me a rant that rambles from one important topic to another, but does conclude with the gold & silver prices, charts, with breakouts evident, and targets claimed. Read full article... Read full article...
Wednesday, May 21, 2008
Silver Price Manipulation- Paper Silver Versus Real Silver / Commodities / Gold & Silver
By: David_Morgan
This week I must address the latest Commodity and Futures Trading Commission (CTFC) findings that, "The U.S. commodities regulatory body found no evidence that silver prices had been manipulated downward by short sellers after re-examining long-term and recent allegations of misconduct."
I was asked by Dow Jones to comment on the CFTC findings. The first point I stated was, "It is not possible to manipulate the trend in a market, but it is possible to "manage" the price within silver's uptrend." I went on to state that the price of silver can be managed, within certain boundaries, through short selling. I believe silver would be far higher if not for selling of "vast amounts" of silver that doesn't exist, or "naked shorts."
Read full article... Read full article...
Wednesday, May 21, 2008
Gold Market Shifts Focus to Real Global Inflation Rates / Commodities / Gold & Silver
By: Christopher_Laird
Gold is shifting focus to world inflation. There is widespread inflation near 10% or more across the world. The EU is escaping some of the worst of it, but still is likely looking at 4%. Inflation in China 10%, India 7.6%.The US has 8% inflation (according to ShadowStats.com based on the method of calculation before the Clinton era, and not that ridiculous 3% which is whitewashed data). The Mid East 10% plus.
Just like Richard Duncan said, in the seminal book The Dollar Crisis, excess USD reserves flowing to our trade partners is causing inflation in those countries, as they have to wash that money into their own currencies.
Read full article... Read full article...
Wednesday, May 21, 2008
Gold Firm on Inflation Investment Hedge / Commodities / Gold & Silver
By: Adrian_Ash
GOLD BULLION for physical delivery rose to a fresh one-month high early in London on Wednesday, breaking above $927 per ounce as crude oil topped $130 per barrel and the US Dollar fell yet again on the currency markets.Read full article... Read full article...
Wednesday, May 21, 2008
Silver Presents Huge Opportunities for Investors / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver continued to surge yesterday with gold up 1.6% and silver up over 4%. They have continued to rally in Asia and early trade in Europe. Gold has risen on the continuing oil surge with oil reaching new record highs (above $130) again this morning. There are fears of shortages and possible rationing in the next few years as the markets gradually and belatedly realize the reality that is peak oil. The FT reports that the fear of a global oil shortage within five years propelled oil futures prices to well above $130 a barrel, further stoking inflationary pressures in the global economy.
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Tuesday, May 20, 2008
Gold's Corrective Rally Continues / Commodities / Gold & Silver
By: Mike_Paulenoff
The rally off of the May 2 low at 83.06 in the streetTRACKS Gold Shares (NYSE: GLD) has recovered to 90.78 so far, and appears to have more in it that should propel prices towards 92.00/60 prior to completion. If that proves to be the case, then my work will argue that an "intervening" recovery rally ended, which separates two larger downlegs within an intermediate-term corrective process…which will point to another decline in the GLD that retests the May low at 83.06.Read full article... Read full article...
Tuesday, May 20, 2008
Gold Steadies Above $900 as Bond Market Igores Rising Inflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of physical Gold bullion moved sideways around $907 per ounce in London on Tuesday after what Mitsui Bussan in Hong Kong called "a sluggish morning session with early selling."The AM Fix in London rose 50¢ from Monday's afternoon price to $907 per ounce.
Read full article... Read full article...
Tuesday, May 20, 2008
Gold Firms on UN Warning of Global Stagflation / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver continued their recent move up yesterday prior to a slight sell off. They have traded sideways to slightly up in Asia and early trade in Europe. Since last Thursday gold had soared by more than 5% and thus profit taking was to be expected. Similarly year to date gold is up nearly 9% (unlike most equity markets) and in the last 12 months gold is up 37% and thus corrections are healthy and to be expected.Gold may need to consolidate between $885 and $915 before the next leg up in the bull market.
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Monday, May 19, 2008
Gold Seasonal Trend Analysis Points to Bargain Hunting Prices Ahead / Commodities / Gold & Silver
By: Michael_J_Kosares
One of the most intriguing patterns in the current bull market in gold has to do with the annual buying opportunity which crops up in the depths of the summer doldrums. As depicted in the graph below, the end of a 20-yr bear market in gold was marked in 1999, and this new bull market was birthed in 2001.
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Monday, May 19, 2008
Gold Prices Jump on Weakening US Dollar / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION prices rose 1.2% in Asian and early London trade on Monday, reaching a four-week high on what analysts could only call "investment fund buying" in the absence of specific news or financial events.Nearing the US open above $912 per ounce, Gold rose as Far Eastern equity markets ended the day 0.5% higher on average.
Read full article... Read full article...
Monday, May 19, 2008
Gold Surges on Inflation Hedge and Safe haven Buying / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $20 to $898.40 on Friday and silver was up 28 cents to $16.90. Gold started the week with the rally continuing in Asia and has risen in early trading in Europe to over $910 per ounce.Oil has weakened slightly but the dollar has also weakened slightly and this likely contributed to gold's rally this morning.
Read full article... Read full article...
Sunday, May 18, 2008
Gold Suckers Rally? / Commodities / Gold & Silver
By: Joe_Nicholson
“B waves can extend considerably and even appear impulsive, and … short term traders may very well try to continue their luck on the long side this week. We seem to have completed the minimum requirements for a 3-wave correction, but as shown in the chart, may need to see the wave subdivide further as drama in the currency and credit markets plays out. ~ Precious Points: Fool's Gold, May 10, 2008Read full article... Read full article...
Sunday, May 18, 2008
Silver Major Uptrend Breakout Alert / Commodities / Gold & Silver
By: Clive_Maund
The technical condition of silver has continued to improve since the last bullish Silver Market update was posted a week ago. This is because it has held above the strong support in the $16 - $16.50 area, and by virtue of moving sideways during last week, it has broken out upside from the bullish Falling Wedge so that it is now in position to take off immediately, and is likely to, especially given that gold has started to lift off, rising strongly on Thursday on Friday.Read full article... Read full article...
Sunday, May 18, 2008
Gold Triggers Short-term Bullish Trend / Commodities / Gold & Silver
By: Merv_Burak
Friday looked like a break away but there is still some rough territory ahead to overcome. The $950/$960 area may be formidable.
GOLD : LONG TERM
The long term P&F chart is showing the direction of movement now on the up side but still some distance from reversing the P&F bear signal. That would need a move to the $960 level and then it would project only to the previous high for a mild move. My suspicions are that there will be more up and down volatility before any new reversal comes about. But time will tell, one should not be so set in one's view that one cannot change when the activity warrants.
Sunday, May 18, 2008
The Gold Price Fuse has been Lit and the Rocket is Rising! / Commodities / Gold & Silver
By: Peter_Degraaf
Last week I wrote an article titled: “The Fuse Has Been Lit!” As a result of the article I received a number of E-mails from unbelievers.
It's amazing how many people out there still do not understand the basic bullish fundamentals of the gold market. Even a large number of analysts are providing their clients with erroneous advice, by telling them to ‘wait for a bottom'. Many of these clients could well be facing the problem of looking back ruefully at the bottom, long after it is in place.
Read full article... Read full article...
Sunday, May 18, 2008
Gold and GDX ETF Breaks Higher / Commodities / Gold & Silver
By: Mike_Paulenoff
Gold prices and the Market Vectors Gold Miners ETF (AMEX: GDX) are higher this session in sympathy with the surge in energy prices. As of this moment, the price structure has broken above its prior rally peak at 46.68 on 5/09 as well as its March-May down trendline, which triggers upside follow-through to 48.00/30 next.Read full article... Read full article...
Saturday, May 17, 2008
Gold Pushes Higher on Massive Government Mortgage Backed Junk Bond Swaps / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION prices rose sharply in London on Friday, gaining 1.1% to reach a three-week high of $894 per ounce as European stock markets pushed higher and US Treasury bonds slipped.Crude oil regained more than 1.2% to trade above $125.60 per barrel.
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Thursday, May 15, 2008
Gold Correction Near its End on Converging Signals from Bonds and Currencies / Commodities / Gold & Silver
By: Jim_Willie_CB
The springtime corrections are really about done. They have gone on for a couple of months. The extent of the pullbacks have been tested and retested. The long-term trends are just about ready to asset themselves again. Grand deceptions have resumed to attempt to fool the public and the investment community that the worst is over for banks, housing, and mortgage bonds. That is not even remotely true. The deeply wounded banks, the sharply corrected home prices, and the badly damaged mortgage bonds have much more pain ahead. Nothing has been fixed. Many mortgage resets have yet to take place. The New Resolution Trust Corp to facilitate secondary mortgages, to bury dead mortgage bonds, and to renegotiate home loans is not even agreed upon, let alone installed. Its operation will be sometime in 2009 at the earliest. Read full article... Read full article...
Thursday, May 15, 2008
Gold Slips on Queationable Inflation Data / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $ 3.60 to $8 6 5.40 yesterday and silver was down 18 cents to $1 6. 55 . Gold traded flat in Asia and has risen marginally in early trading in Europe. While the dollar is down today, the dollar's short term bounce may continue and this could put further pressure on gold and result in further consolidation at these levels (the $850 to $890 range). But oil is up more than 0.5% again this morning to over $125 a barrel again and this should result in gold being well supported at these levels. Read full article... Read full article...
Thursday, May 15, 2008
Gold & Euros Bounce on Inflation Fears; Ex-Fed Volcker Warns of Return to 1970s Stagflation / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES turned higher alongside the Euro early Thursday, gaining 0.5% after strong economic data dashed short-term hopes of Eurozone rate cuts.That dented the US Dollar's recent rally and capped Western stock markets.
Read full article... Read full article...
Wednesday, May 14, 2008
Gold Bounces on Strong Inflation Data / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION fell at the opening in London on Wednesday, slipping to a 7-session low of $860.50 per ounce before bouncing almost 1.0% as New York opened for business and the US Dollar fell against the Euro.Wall Street stock futures pointed lower as crude oil dropped 41¢ per barrel to $125.31.
Read full article... Read full article...
Wednesday, May 14, 2008
Gold to Oil Price Ratio Says Gold is Cheap / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $13.90 to $8 69 yesterday and silver was down 43 cents to $16.73 . Gold traded flat in Asia and has fallen marginally in early trading in Europe. But with oil prices rising and inflation pressures increasing internationally, gold will be well supported at these levels. Momentum traders and short term speculative players continue to exert pressure on the gold market but continuing demand for physical bullion from those with a more medium to long term investment horizon, namely individual investors, pension funds, sovereign wealth funds and indeed central banks in Asia, Russia and elsewhere will ultimately lead to higher gold prices in the medium and long term.
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Tuesday, May 13, 2008
Gold Bounces as Stock Markets Fall on Horrific Data / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES fell to a three-session low early Tuesday, finally bouncing higher from $876 per ounce as European equities slipped alongside crude oil prices and government bonds.
Only base metals bucked the trend as the Dollar ticked higher on the currency markets.
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Tuesday, May 13, 2008
Gold Underpinned by Surging Inflation in UK, China and Internationally / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down 80 cents to $883.90 yesterday but silver was up 36 cents to $17.16. The London AM Gold Fix at 1030 GMT this morning was at $877.00, £450.18 and €566.61 (from $887.25, £453.91 and €573.60 yesterday).Read full article... Read full article...
Monday, May 12, 2008
Precious Metals Correction to End in May / Commodities / Gold & Silver
By: Captain_Hook
Neither A Borrower Nor A Lender Be - And most certainly, don't be a gold producer, as the deck is definitively stacked against you here too. We will get back to this subject in just a minute. But first, let's expand on that title, as it's a beauty given global monetary conditions appear to be progressing into a state of hyperinflation . Neither a borrower nor a lender be – is a line first penned by Shakespeare in reference to important lessons in life, which more recently has morphed into a forgotten mores rooted in lessons learned during hard times – or should I say ‘honest money times.' Honest money times – what the heck are ‘honest money times'? Such a terminology implies government and monetary authorities are attempting to pull a fast one in that they are issuing ‘dishonest money'. How can this be when foreigners accept our currency for manufactured ‘hard items', on top of the fact everybody has access to the information concerning currency debasement policies of the present day governing regime?Read full article... Read full article...
Monday, May 12, 2008
Gold Positive Fundementals as Western Economies Face Stagflation Threat / Commodities / Gold & Silver
By: Mark_OByrne
After last week's more than 3% gain in gold, gold surged to nearly $890.00 in early trading in Asia prior to succumbing to subsequent profit taking. The London AM Gold Fix at 1030 GMT this morning was at $887.25, £453.91 and €573.60 (from $863.50, £434.64 and €556.74 on Friday).It is hard to see gold falling significantly this week unless there is a sharp fall in oil prices and strengthening of the dollar – both of which seem unlikely. However, gold has surprised to the downside in recent weeks and further consolidation may be needed prior to challenging $900 again. With oil remaining well bid above $125 and geopolitical risk in Nigeria, Lebanon and Iran still of importance, gold looks likely to be well bid at these levels.
Read full article... Read full article...
Monday, May 12, 2008
Gold Slips as Speculators Turn Bullish on the US Dollar / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD slipped $10 early in London on Monday, trading below $890 per ounce as world stock markets ticked higher and government bonds sold off.The Euro picked up 1.5¢ against the Dollar from last week's two-month beneath $1.5300.
Read full article... Read full article...
Monday, May 12, 2008
Silver Correction Over and Gearing Up for Explosive Rally / Commodities / Gold & Silver
By: Clive_Maund
Silver's corrective phase is believed to be complete, meaning that it is now in position to begin another major uptrend. In the last update, which was about 5 weeks ago, it was pointed out that silver was noticeably outperforming gold, and that this implied that if gold went on to drop to our target zone for its correction in the $830 - $850 area, silver might not react much further if at all, and this, as we now know, is exactly what has happened, for it has only dropped marginally below its late March lows, and has not broken below the zone of support that put a floor under it at that time - this is a sign of resilience. Read full article... Read full article...
Monday, May 12, 2008
Fool's Gold- Gold Sucker Rally? / Commodities / Gold & Silver
By: Joe_Nicholson
“If the rotation trade fizzles and such a rally in gold materializes, while it would tend to discredit an impulse down, it may trap many longs into thinking the larger correction is over, whereas the chart shows we've likely only reached an intermediate term bottom after reaching previous resistance and oversold levels in the RSI. While silver can easily drop into it's 200-day sma near $15.35, it's also reaching oversold levels and should be due for a relief rally soon, in which case resistance at $17 and at the broken trendline will be crucial.” ~ Precious Points: All That Glitters, May 03, 2008 Read full article... Read full article...
Sunday, May 11, 2008
Gold Correction Completing- Bull Market About to Resume / Commodities / Gold & Silver
By: Clive_Maund
Gold's corrective phase is believed to be complete, meaning that it is now in position to begin another major uptrend. In the last update, which was about 5 weeks ago, we were looking for it to continue to react back to support in the $830 - $850 area above its 200-day moving average, and that is exactly what it has done.
On the 1-year chart we can see how the fine strong uptrend from last August, which broke down into a 5-wave sequence, culminated in a brief sojourn above the psychologically important $1000 level, accompanied by great fanfare in the press, before a classic 3-wave correction back towards the 200-day moving average set in.
Read full article... Read full article...
Saturday, May 10, 2008
Gold Trend- What the Heck is Going On? / Commodities / Gold & Silver
By: Merv_Burak
This is a difficult time for a gold analyst, especially when one doesn't REALLY know what the heck's going on behind the scenes. However, one must go on with whatever little intelligence one has and still make broad pronouncements. Let's see what the charts are telling us.
GOLD : LONG TERM
Having declared a P&F long term bear market last week there is no reason for suddenly turning around. What rally there was this week did nothing to the long term P&F chart. So, the P&F bear market continues.
Friday, May 09, 2008
Gold Bullion Becoming a Valuable Backstop for Wealthy Investors / Commodities / Gold & Silver
By: Adrian_Ash
"...Why are wealthy investors swapping gold futures for physical metal that they own outright...?"
A LITTLE LESS than 12 months ago, the world's biggest financial players suddenly found they could not turn some $1.3 trillion of their assets into cash.
Read full article... Read full article...
Friday, May 09, 2008
Why the Gold Bull Market is Far From Over / Commodities / Gold & Silver
By: Julian_DW_Phillips
Some talk of the end of the credit crunch. Some say that the gold bull market has suffered severe damage, which will affect its long-term prospects. If we were to accept these statements then it would appear that the gold ‘bull' market is over. But are these statements acceptable and do they reflect the true picture underlying the gold [and silver] markets? To get the proper perspective let's stand back and look at the ‘big' picture.Read full article... Read full article...
Friday, May 09, 2008
Gold Rides Higher on Speculator Driven Crude Oil Surge / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION reached a nine-session high at the AM Fix in London on Friday, nearing its first weekly gain in four as world stock markets fell hard and crude oil recorded yet another all-time high.The US Dollar slid against all major currencies barring the British Pound.
Read full article... Read full article...
Friday, May 09, 2008
Gold Price Positive Developments / Commodities / Gold & Silver
By: Mark_OByrne
A firm note tracked the Gold price overnight and it is currently $888.90. Closing above $880 adds to that positive tone and the next resistance level stands at $897. The London AM Gold Fix at 1030 GMT this morning was at $887.25, £453.906 and €573.604 (from $872.25, £445.48 and €568.61 yesterday).Read full article... Read full article...
Friday, May 09, 2008
Gold and Silver Bull Market – The Fuse Is Lit! / Commodities / Gold & Silver
By: Peter_Degraaf
Much discussion has taken place in recent weeks, regarding the possibility that gold and silver might continue to sink to lower levels, as the summer doldrums set in.
Investors soon become shell-shocked with negative market analysis that looks at a half-full glass of water and refers to is as ‘half empty'.
Read full article... Read full article...
Thursday, May 08, 2008
Gold- The Only "Win-Win" Investment I know of / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson writes: Gold's precipitous tumble from its record-high of $1,038 set on March 17 down to the recent $850 level has lots of people asking, "Is gold's bull market over?"
My answer: No! Not by a long shot!
I know you've been getting an earful from the talking-head ninnies about how the long-running commodity bull is getting short of breath and is about to be put out to pasture. Ignore them.
Read full article... Read full article...
Thursday, May 08, 2008
Gold Rallies on Indian Festive Demand / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD BULLION hit a two-day high of $874 per ounce in thin trade Thursday morning in London, while world stock markets ticked lower and crude oil held just below yesterday's new record high of $123.93 per barrel.Government bond prices rose, pushing the yields offered to new buyers lower.
Read full article... Read full article...
Thursday, May 08, 2008
Gold Marks Time Ahead of US Jobless Claims / Commodities / Gold & Silver
By: Mark_OByrne
Gold traded around the $870.00 mark overnight with silver tracking movements around the $16.60 level. The London AM Gold Fix at 1030 GMT this morning was at $872.25, £445.48 and €568.61 (from $878.00, £446.38 and €565.25 yesterday).Read full article... Read full article...
Wednesday, May 07, 2008
Gold Follows Euro Lower / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD fell hard early Wednesday in London, losing 1.5% from Tuesday's peak to reach a two-day low as shock data from Germany drove the Euro lower against the US Dollar on the currency markets.Crude oil meantime pushed above $122 per barrel on news of terrorist attacks in Nigeria , the world's seventh-largest producer.
Read full article... Read full article...
Wednesday, May 07, 2008
US Economy No Recovery Whilst Housing Bust Continues- Gold $1200 / Commodities / Gold & Silver
By: Jim_Willie_CB
Once every several months, an opportunity is presented on a silver platter to purchase a spectacular investment in a strong uptrend, with loud indications of continued upward trend in price. Gold is heading well past $1200 and silver is heading well past $25 in the next several months, despite the orchestrated annihilation of honest valid reporting. How many times have the clowns on Wall Street and the financial subservient media networks claimed that the worst was over for the US Dollar, gold, the US Economy, the housing market, and bank bond losses? Read full article... Read full article...
Tuesday, May 06, 2008
Gold Strategy- Buying on the Dips / Commodities / Gold & Silver
By: Ned_W_Schmidt
Wheat price has broken. Rice price has a short-term top. Corn may be topping out. Gold is down. Silver has taken a dive. Housing prices are in the middle of decade long bear market. Yet, oil futures continue to move higher, fueled by margin led speculation. All of that oil action is happening when no shortages of petroleum seem to exist anywhere. Oil price is rising due to 93+% financing of the purchase price of a futures contract.Read full article... Read full article...
Tuesday, May 06, 2008
Gold Follows Crude Oil Higher / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD for physical delivery hit a one-week high at the London opening on Tuesday, unwinding one-third of the last fortnight's 12% plunge as crude oil hit new record highs above $120 per barrel.World stock markets fell, led by banks and home-building stocks, despite Bank of America confirming that it will push ahead with its $4.1 billion purchase of Countrywide, the biggest US mortgage lender.
Read full article... Read full article...
Tuesday, May 06, 2008
Gold Headed for Summer Seasonal Weakness? / Commodities / Gold & Silver
By: Julian_DW_Phillips
The gold market in the past has been seasonal, with the rule being, "Sell in May and go away". This lull in demand usually started in May and lasted until the middle-to-end of August, with the main demand appearing in the final quarter of the year and lasting until the end of May. Will it be the same this year? Bear in mind a big fall has happened already this last month.Read full article... Read full article...
Monday, May 05, 2008
Has Europe Declared War on the US Dollar? / Commodities / Gold & Silver
By: Michael_J_Kosares
Footprints lead to London Market Attack.
Gold suffers Collateral Damage.
When Jean-Claude Juncker, Luxembourg's premier and the chair of Europe's finance ministers, announced on April 23 that "financial markets and other actors [had not] correctly and entirely understood the message of the [recent] G7 meeting," his words went essentially unheeded. The Daily Telegraph's Ambrose Evans-Pritchard put that message in clear language. "[Juncker], he said, "has given the clearest warning to date that the world authorities may take action to halt the collapse of the dollar and undercut commodity speculation by hedge funds."
Read full article... Read full article...
Monday, May 05, 2008
Gold and Silver Update: All That Glitters / Commodities / Gold & Silver
By: Joe_Nicholson
“There's little evidence to suggest anyone actually wants a strong dollar, just a stable currency that will make business more transparent. The wave of inflation triggered by the current easy money policy has only just begun to materialize but, because of the consumer's link to interest rates through their home mortgages, it will be all but impossible for the Fed to make any more than token hikes in their target rate. What's more, because the spread between Fed funds and Libor remains stubbornly wide, it's quite possible the Fed will not be finished cutting rates this week, even if it pauses, as interbank lending continues to be fearful.Read full article... Read full article...
Monday, May 05, 2008
Factors In Defense of Gold / Commodities / Gold & Silver
By: Frank_Holmes
The price of gold has corrected by close to 20 percent since peaking on March 17. If you have been listening to the popular press and business TV, you may be convinced that the gold and commodity “bubbles” have popped.
Once you back away from the day-to-day noise and put things into perspective, we believe this correction in gold, while painful in the short term, is just another pause in a long-term secular bull market. As it has been said, bull markets climb a wall of worry.
Read full article... Read full article...
Sunday, May 04, 2008
Gold Severe Downtrend to Possibly Towards $660 / Commodities / Gold & Silver
By: Merv_Burak
Up, down, up, down, up but in the end the downs have it. For every $5 to $8 that gold goes up it goes down by $20. That's not the way to new highs. For now it looks like the down side is the direction of least resistance but for how long?
GOLD : LONG TERM
With the confirmation of a long term P&F bear market in progress this is what the long term P&F chart looks like now. The two previous lows were breached earlier at the $900 level and the up trend line was finally breached at the $870 level on Wednesday.
Friday, May 02, 2008
The Death Of Gold and Lessons from History / Commodities / Gold & Silver
By: Roland_Watson
A couple of weeks back I put out an article saying that "The Shoeshine Boy" principle may have flagged a major top in the gold market. The Times cover trumpeting gold was published one trading day before gold's $1030 top and is shown below.
Not surprisingly this generated a number of emails from gold bulls which with one exception disagreed to the point of employing four letter words you would not even use against alleged members of a gold cartel. Let me clarify one point, the use of the phrase "Death of Gold" was a play on the phrase "Death of Equities" though some readers thought this meant gold going back to $300 for the next 20 years.
Read full article... Read full article...
Friday, May 02, 2008
Gold Holds Above Four Month Lows Against Increasingly Bullish US Dollar / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher from a four-month low early Friday, adding 0.9% to $855.90 per ounce before giving back $3 in London as world stock markets rose sharply and bond yields fell.Read full article... Read full article...
Friday, May 02, 2008
Precious Metals Tumble Ahead of Today's US Non-Farm Payrolls / Commodities / Gold & Silver
By: Mark_OByrne
The sharp sell off in the precious metal markets continued yesterday with gold down $13.80 to $848.90 per ounce in trading in New York yesterday and silver was down 38 cents to $16.12 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $854.25, £429.92 and €551.31 (from $863.50, £434.64 €556.74).Should there be a continuance of the recent trend of dollar strength and oil weakness today then we could see gold test the 200 day moving average at $823.
Read full article... Read full article...
Thursday, May 01, 2008
What's behind the Sharp Slide in Gold and Silver? / Commodities / Gold & Silver
By: Gary_Dorsch
After watching the price of silver soar to as high as $15 /ounce in May 2006, Warren Buffet, the “Oracle of Omaha” offered some sagely words of wisdom. “What the wise man does at the beginning, the fool does at the end. At the start of the party, the punch is flowing and everything's going well, but you know at midnight, it's all going to turn into pumpkins and mice. People think they'll be able to get out just before midnight, but everyone else thinks that too. The problem is that, in commodities there are no clocks on the wall,” Buffet warned. Read full article... Read full article...
Thursday, May 01, 2008
Bear Stearns Rescue Reversed Gold Trend / Commodities / Gold & Silver
By: Christopher_Laird
Gold rallied a great deal, way beyond anything in recent years, as the 07 credit crisis began and spread. Since the explosion of the credit crisis around August 07, gold exploded from the $670s to a $1020s peak mid March. The Fed/Morgan Bear Stearns bailout occurred at that time. Right after, the financials rallied (XLF Spider) and gold has been selling off since. Other commodities also are following. The credit crisis caused a gold and commodity bubble. Read full article... Read full article...
Thursday, May 01, 2008
Gold Tumbles After Fed Interest Rate Cut / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to slide early Thursday, falling below Wednesday's 13-week low to trade at $862.40 per ounce as bond yields ticked higher following yesterday's "baby-step" rate cut from the Federal Reserve in Washington .With continental Europe closed for May Day, the London stock market was little changed in thin trade, while the British Pound held onto its overnight gains vs. the Dollar above $1.9850.
Read full article... Read full article...
Thursday, May 01, 2008
If Investors Were Smart They'd be bidding up Gold and Silver Instead of Oil! / Commodities / Gold & Silver
By: Alex_Wallenwein
If traders and investors were smart, they would bid up the price of gold instead of oil. Likewise, if governments and central banks were smart, they would take the lid off the gold price and actively encourage investment in that most precious of all commodities.
Why?
Read full article... Read full article...
Wednesday, April 30, 2008
Gold Plunges Ahead of Fed Interest Rate Decision / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD BULLION continued to slide early Wednesday, avoiding the collapse forecast by many analysts after dropping through $875 per ounce but reaching a series of fresh 3-month lows as the US Dollar rallied against the Euro, crude oil and the value of world stock markets."The previous low [of April 1st] has been taken out and the technicals now quickly point to $850," says today's Gold Market note from Mitsui, the precious metals dealer.
Read full article... Read full article...
Wednesday, April 30, 2008
Gold Breaks Below Technical Support Ahead of Fed Interest Rate Meeting / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $18.20 to $874.70 per ounce in trading in New York yesterday and silver was down 45 cents to $16.57 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $867.75 £440.77 and €557.72 (from $886.00, £447.50 and €569.23).Read full article... Read full article...
Tuesday, April 29, 2008
Invest in Silver or Silver Stocks? / Commodities / Gold & Silver
By: Bob_Kirtley
In May 2006 silver spiked at fifteen dollars and the HUI Index also spiked at 400, today we have silver trading at seventeen dollars, having been as high as twenty dollars, and the HUI Index stands at 406!
This raises the question of whether it is better to invest in the metal itself or to invest in silver stocks?
Read full article... Read full article...
Tuesday, April 29, 2008
Gold Follows Oil and Euro Lower Ahead of FOMC Meeting / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD fell back in Asian and early London trade on Tuesday, undoing Monday's 1.1% gain as crude oil fell, stock markets were mixed, and government bonds ticked higher after the worst two weeks for US Treasuries since 1982."Everybody is waiting for the Fed," notes Ronald Leung of Lee Cheong Gold Dealers in Hong Kong . "I think Gold has to stay above these levels before it can charge higher again.
Read full article... Read full article...
Monday, April 28, 2008
Gold and Commodities Ongoing Bull Market / Commodities / Gold & Silver
By: Aden_Forecast
The year is still young, yet it's seen many commodities soar. From the precious metals, to the base metals, like copper and tin, to raw materials, to energy, like oil and natural gas, to the soft commodities, like corn and wheat... the commodity bull market has been flexing its muscles.
In the first quarter alone, gold was up 10%, silver gained even more, near 17%, and copper surged 25%. This is in stark contrast to the stock market as the Dow Industrials lost 6% during this time.
Read full article... Read full article...
Monday, April 28, 2008
Not Enough Silver to Satisfy Portfolio Diversification? / Commodities / Gold & Silver
By: David_Morgan
In my article “Silver is too bulky,” we examined a hypothetical look at the average baby boomer placing ten percent of their net worth into the precious metals, split 50/50 gold and silver. At the time, silver was trading over $15 per troy ounce. Since publishing that article silver has traded over $21 and is now trading between $17 and $18.Read full article... Read full article...
Monday, April 28, 2008
Gold and China's Coming Flood of Wealth / Commodities / Gold & Silver
By: Julian_DW_Phillips
I have just returned from a 10-day trip to Southern China and Hong Kong. While I was there, I explored the Chinese attitude toward gold. If their demand for gold equaled that of other nation's average individual holdings, then we would see their demand well into four figures. I wanted to know if the Chinese would really move towards gold in their portfolios.Read full article... Read full article...
Monday, April 28, 2008
Gold Strengthens Ahead of US Fed Interest Rate Cut Decision / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD rose 0.9% during Asian and early London trade Monday, recovering Friday's drop as world equity and commodity indexes ticked some 0.5% higher.Rice and wheat futures rose, while Japanese bond yields continued to sell off after Friday's CPI report showed the highest rate of inflation in ten years.
Read full article... Read full article...
Monday, April 28, 2008
Gold's March Through $1000 Halted by Feds Creative Policy Towards Creating Liquidity / Commodities / Gold & Silver
By: Joe_Nicholson
“The rally in gold since December was almost entirely speculative, flight to quality and dollar hedging that will unwind very quickly when conditions change. If a reversal in the dollar has indeed begun, oil will move lower, but not as much as gold. Gold has now defined a clear range and taking any large positions while inside that range is no better than gambling. In the 900-955 area both counts are still valid, which suggests playing the break of the range in whichever direction.” ~ Precious Points: G.O.L.D. (Gold, Oil, Dollar, Libor ), April 20, 2008Read full article... Read full article...
Sunday, April 27, 2008
Gold Threatens Break of $870 to Trigger Long-term Bear Signal / Commodities / Gold & Silver
By: Merv_Burak
That was another week we could have done without. Gold and gold stocks seem to be sitting on top of support levels. This next week just might be a very interesting week as far as telling us if the downside continues or if we may see a rise.
GOLD : LONG TERM
The long term P&F chart, shown in these commentaries a few weeks back, has now come back to the $885 level, where it rallied from earlier. However, a further drop to $870 will break below its up trend line and two previous lows to give us a long term BEAR signal. Should that happen the previous projections would become operative with an initial move to $840 and then on to $660. This new move, should it occur, would provide a further projection to $600, so we have potential projections all over the place, and all of them would be P&F valid IF gold should drop to the $870 level (based upon the June 2008 futures contract). Sounds ominous but let's see what the normal charts and indicators are telling us.
Saturday, April 26, 2008
Silver and Gold at Critical Juncture / Commodities / Gold & Silver
By: Roland_Watson
First let me say the email response to my previous article "The Death of Gold?" was unanimous - everyone disagreed with me. Whether that is a contrarian sell signal I do not know. I hope to follow up that article but since I mainly write about silver, allow me a few comments on the silver situation. The chart below sums it up I think - we are at a critical juncture for silver. Indeed the situation is so precarious; a resolution either way may already be underway by the time you read this article. Read full article... Read full article...
Saturday, April 26, 2008
Gold and Silver Fall Out of Favor / Commodities / Gold & Silver
By: David_Morgan
It seems many once notable gold and silver bugs have abandoned the precious for what? In these uncertain financial times selling precious metals may look wise in the short term but what investment class is doing better? It appears the U.S. dollar is going to swim against the main downward forces and stage a counter trend rally through perhaps the summer and that may just be the opportunity that savvy precious metals investors are looking for to accumulate.Read full article... Read full article...
Friday, April 25, 2008
Should Gold Investors Worry on Dip Below $900 on Dollar Strength? / Commodities / Gold & Silver
By: Andy_Sutton
When in doubt….Fundamentals - There appears to be a need for reassurance right now. A three-day rally in the Dollar has sent Gold below $900/oz. and Silver below $17/oz. There are whispers of currency market intervention, gold market intervention and talk of a Dollar rally. Rest assured, any rally will be a countertrend rally, most likely brief, and mean almost nothing in the grand scheme of things. Ironically, history suggests that the Dollar will rally, based on the unavoidable fact that we are now in a recession. I believe that history will rhyme, but not repeat. The fundamentals to support a sustained Dollar rally simply are not there. Moreover at a fundamental level, nothing has changed. Let's review the major themes and check our scorecard. Read full article... Read full article...
Friday, April 25, 2008
Gold Falls to Test Strong Support at $875 / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $19.40 to $886.80 per ounce in trading in New York yesterday and silver was down 50 cents to $16.66 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $883.50, £446.51 and €566.38 (from $900.75 £455.85 and €572.09 yesterday).Read full article... Read full article...
Thursday, April 24, 2008
Gold Follows Euro Lower On German Economic Confidence Numbers / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD slipped to a fresh three-week low beneath $898 per ounce early Thursday in London , as a sharp bounce in the US Dollar forced a drop in equities, crude oil and the Euro.Short-term US Treasury bonds also capped their eight-day losing streak, however, pushing the two-year yield down to 2.20%.
Read full article... Read full article...
Thursday, April 24, 2008
Gold Falls to Support at $900 / Commodities / Gold & Silver
By: Mark_OByrne
Gold broke down from its range bound channel yesterday and quickly fell to support at $895-$900 as anticipated. Should gold fall below $900 we could again retest the support of the early April lows of $880. We expect strong support at these levels but there is a possibility that should gold close below $880 we could retest previous resistance at the 1980 nominal high of $850 per ounce.Read full article... Read full article...
Wednesday, April 23, 2008
Gold Bull Market Drivers: Cheap Money, Rapid Inflation / Commodities / Gold & Silver
By: Jim_Willie_CB
The two primary engines pushing the US Dollar down are extraordinarily low borrowing costs and extraordinarily high monetary growth. Money is very cheap to borrow, which encourages speculation for basic reason that many investments are rising in price. That covers the demand side for money. The money supply is growing out of control. It is hard to describe any modern day monetary event as like Weimar German times, but this is becoming close. The supply of new money is growing so fast that it is causing internal problems that are not fixable. Prices are rising broadly in the US Economy, since the nation imports everything. Too bad then nation cannot import leaders for government, the financial sector, economic counsel, regulatory bodies, debt rating agencies. While you are at it, import a free press network system.Read full article... Read full article...
Wednesday, April 23, 2008
Gold and Silver Bull Market Chart Bonanza! / Commodities / Gold & Silver
By: Jordan_Roy_Byrne
In today's chart update I'm going to review the precious metals sector. First I would like to debunk some of the reasons given why the bull run in precious metals is over.
1) The Fed will be done cutting rates.
Read full article... Read full article...
Wednesday, April 23, 2008
Gold Continues Healthy Consolidation Before Next leg Higher / Commodities / Gold & Silver
By: Mark_OByrne
Gold remains in lockdown and is range bound in a narrow channel between $910 and $926. A close above or below this channel will likely see gold test support at $880 or challenge resistance at $950 (see Technical Analysis below). Gold was up $7.40 to $922.10 per ounce in trading in New York yesterday and silver was up 27 cents to $17.61 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $916.25, £ 459.50 and €573.95 (from $ 920.75, £464.21 and €576.98 yesterday).
Read full article... Read full article...
Wednesday, April 23, 2008
Gold Weakens as Euro and Crude Oil Retreat from All time Highs / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back an overnight rally in early London trade on Wednesday, dropping 0.9% to a low of $914.60 per ounce as the Euro and crude oil both slipped from their new record highs vs. the Dollar.World stock markets lacked direction in volatile trade, while US Treasury bond prices fell for the eighth day running.
Read full article... Read full article...
Tuesday, April 22, 2008
Encouraging Action for Gold Bulls / Commodities / Gold & Silver
By: Chip_Hanlon
When discussing gold and commodities on CNBC last month , I said I expected gold to underperform commodities such as energy, base metals and agriculture for a period of time. While that scenario has played out and will likely continue to for a little while longer, gold bugs should be encouraged by how the precious metal has performed in recent weeks; while gold was quite overbought on a short-term basis a month ago, it has very quickly moved to a less overbought state while giving back only about 10% of its price as we speak. That's bull market action.Read full article... Read full article...
Tuesday, April 22, 2008
Gold Ticks Higher on Nigeria Crude Oil Blockage / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher in the first-half of London trade on Tuesday, holding 0.6% above Monday's low of $912.50 per ounce as crude oil rose to a new record high and government bond prices fell sharply, pushing longer-term interest rates higher.Mining and oil stocks rose in Europe, but banking shares fell after a private-sector rescue of a leading "pfandbrief" lender to Germany's federal-state governments.
Read full article... Read full article...
Monday, April 21, 2008
Gold Diverging from the US Dollar? / Commodities / Gold & Silver
By: Mike_Paulenoff
Have gold prices (NYSE: GLD) stopped responding to the weakness in the dolllar? Lately, it certainly would appear so. Let's notice that since mid-March, the Euro actually has carved-out a "rising wedge" pattern, which depicts a series of horizonal rally peaks (around 1.59.00/85 juxtaposed against a series of rising pullback lows), which are putting upward pressure to thrust the euro above 1.6000 into new all-time high territory. Conversely, we have gold prices ignoring the still-bullish pattern in the euro/$, and instead, in the grasp of a downside correction that points towards additional weakness beneath the 4/01 low at $872 on the way to $850/$820. Why the divergent action? Read full article... Read full article...
Monday, April 21, 2008
Gold Volatile Following Last Weeks 4.5% Plunge / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD whip-sawed in a volatile $8 range early Monday, twice spiking above $923 before sliding back below last week's close to record an AM Fix in London today of $915.75 per ounce." Gold [in Dollars] is really struggling to make much headway after Friday's [4.5%] fall," noted Tom Kendall of Mitsubishi Corp. to Reuters earlier. "It wouldn't be a surprise to see a test of the downside support around $905." Read full article... Read full article...
Monday, April 21, 2008
Gold Volatile Monday Trading / Commodities / Gold & Silver
By: Mark_OByrne
In volatile and choppy indeterminate trade in Asia and Europe gold has traded in tight range between $915 and $923. The London AM Gold Fix at 1030 GMT this morning was at $915.75, £461.64 and €577.40 (from $942.25, £472.19 and €592.31 Friday).Read full article... Read full article...
Monday, April 21, 2008
G.O.L.D. (Gold, Oil, Libor , Dollar) / Commodities / Gold & Silver
By: Joe_Nicholson
“Support and resistance at the moving averages has so far contained the rallies in gold, but prevented new lows. This situation may be about to change.”~ Precious Points: The Power to Move You, April 13, 2008Read full article... Read full article...
Sunday, April 20, 2008
Gold Downtrend Technical Update / Commodities / Gold & Silver
By: Nadeem_Walayat
This is a quick update of the Gold forecast trend to between $800 to $830. For the background to the forecast see the two previous articles -
- 03 Apr 2008 - Gold Downtrend Forecast Update
- 20 Mar 2008 - DELEVERAGING- Gold and Commodities Teetering on the Brink of a Bear Market?
Sunday, April 20, 2008
Derivatives - The Real Dangers to Commodities! / Commodities / Gold & Silver
By: Julian_DW_Phillips
The visible dangers of derivatives have been well documented on the internet, as the dangers of their collapse have the same potential as the sub-prime crisis is having now, but the long-term upward drive in commodity prices should limit the threat to a process of de-leveraging, as we have already seen in the large lowering of net speculative long gold positions on COMEX. But we are going to highlight a potentially more destructive facet of derivative here.Read full article... Read full article...
Sunday, April 20, 2008
Gold Fails at Resistance Triggering Downtrend / Commodities / Gold & Silver
By: Merv_Burak
It looked for a while there like gold could break above its previous rally high but a weak momentum and weak volume action put a halt to that idea. Now what?
GOLD LONG TERM
With the action over the past week or so and especially on Friday one might wonder where the long term P&F chart is now. Well, it has changed little since presented last in this commentary on 04 April 2008 . It is in a serious downward trend and has given us down side projections, once a reversal has been confirmed, but the reversal has not yet been confirmed, by my criteria. The price of gold would have to drop to $870 for a reversal to be confirmed. Should that happen then the projections to $840 and $660 come into play.
Saturday, April 19, 2008
Why Gold Was 'Hacked' Friday- and How / Commodities / Gold & Silver
By: Alex_Wallenwein
The market delivered a huge"drubbing" to gold and silver Friday– or at least that's what thefinancial powers want you to think. Read full article... Read full article...
Friday, April 18, 2008
Making Sense of Precious Markets Turbulence- Gold, Silver, HUI Technical's / Commodities / Gold & Silver
By: Zeal_LLC
After an exceptionally turbulent month in the precious-metals complex, many traders are trying to make sense out of all the chaos. Did the recent violent retreats in gold, silver, and the HUI gold-stock index likely mark the ends of their respective uplegs? Or do these strong uplegs probably remain intact?
Obviously this question is crucial as the prudent tactical trading strategy going forward varies radically based on its answer. If these PM uplegs have given up their ghosts, then it makes sense for traders to unload their remaining long positions and maybe even get short. But if these PM uplegs persist, then the gains to come will still be reaped on the long side.
Read full article... Read full article...
Friday, April 18, 2008
Gold Price Is Not Going To Crash / Commodities / Gold & Silver
By: David_Vaughn
Gold Price Is Not Going To CrashAs I look in the newspaper I see a lot of interesting predictions. Some analysts are predicting 6% unemployment by the end of the year. Microsoft is desperately trying to buy Yahoo. Offering 41 billion for a company whose major asset is the Internet.
Read full article... Read full article...
Friday, April 18, 2008
Gold Plunges 3.4% on Dollar Rallies, Rising Banking Stocks on Bad News / Commodities / Gold & Silver
By: Adrian_Ash
Gold Plunges 3.4% on Dollar Rallies, Rising Banking Stocks on Bad NewsSPOT GOLD PRICES dumped 3.4% to $912 per ounce in the first-half of London trade on Friday, falling to a five-session low of $916 per ounce as both commodity and bond prices fell, but European stock markets rose.
Crude oil dipped one dollar from yesterday's new record high above $115.50 per barrel as the US currency rallied from new record lows in the forex market.
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Friday, April 18, 2008
Rogers and Soros- Investors Shifting to Real Assets Including Gold and Oil / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up in Asian trading to $946 per ounce before falling in London trading this morning to $936 per ounce. Gold was down $5.30 to $939.80 per ounce in trading in New York yesterday and silver was down 13 cents to $18.18 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $942.25, £472.19 €592.31 (from $951.50, £481.04 and €595.88 yesterday).Read full article... Read full article...
Thursday, April 17, 2008
Gold Reaches Four Week High as Investors Dump Dollars for Oil / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES for physical delivery reached a four-week high Thursday morning in London , recording an AM Fix of $951.50 per ounce as investors and trade swapped the fast-fading US Dollar for anything and everything bar the Japanese Yen.Read full article... Read full article...
Thursday, April 17, 2008
Gold Deja vu Rally on Back of New Record Dollar Low Against Euro and New Crude Oil High / Commodities / Gold & Silver
By: Mark_OByrne
Gold is up in Asian trading and London trading this morning. Gold was up $17.80 to $945.10 per ounce in trading in New York yesterday and silver was up 54 cents to $18.31 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $951.50, £481.04 and €595.88 (from $932.75, £472.40 and £586.27 yesterday).Read full article... Read full article...
Wednesday, April 16, 2008
Gold Jumps as US Dollar Sinks on Inflation Data / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD jumped to a three-week high early Wednesday after European and US inflation data sent traders scurrying for hard assets and the Euro single currency shot to new record highs vs. the Dollar.Read full article... Read full article...
Wednesday, April 16, 2008
Crude Oil Record High Buoys Gold / Commodities / Gold & Silver
By: Mark_OByrne
Gold is up in London this morning. Gold was up $2.60 to $927.80 per ounce in trading in New York yesterday and silver was up 2 cents to $17.79 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $932.75, £472.40 and £586.27 (from $ 931.75, £473.55 and €588.30 yesterday).Read full article... Read full article...
Tuesday, April 15, 2008
Peak Oil and Weak Dollar Driving Gold Higher / Commodities / Gold & Silver
By: Mark_OByrne
Gold is up in London and is up in early trading in New York this morning. Gold was up $1.80 to $925.40 per ounce in trading in New York yesterday and silver was up 10 cents to $17.77 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $ 931.75, £473.55 and €588.30 (from $917.75, £464.80 and €580.854 yesterday).Read full article... Read full article...
Tuesday, April 15, 2008
Gold Strong on Crude Oil New All Time High / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD rose to a four-session high in Asian and London trade on Tuesday, gaining almost 1% overnight as world stock markets crept higher and US bond prices rose.Crude oil jumped to a fresh record high above $112.80 per barrel.
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Tuesday, April 15, 2008
IMF Gold Sales Will be Very Good for the Gold Price / Commodities / Gold & Silver
By: Julian_DW_Phillips
Most commentators we now read are taking the potential I.M.F. gold sales as a foregone conclusion. With the unknown quantity of the U.S. Congress [who are fully aware of just how good an investment gold has been and will likely be], who blocked the sales last time it was proposed, the sale is by no means a foregone conclusion. But of far greater importance is the question of how these sales could affect the gold price. The answer is exceptionally positive, after we consider the views of the I.M.F. itself on just how the sales will be orchestrated.Read full article... Read full article...
Tuesday, April 15, 2008
The Global Food Crisis and Gold's Valuable Role / Commodities / Gold & Silver
By: Emanuel_Balarie
With all the discussion about housing, a declining US dollar, and the inevitable recession, I feel that many people may be overlooking a potentially more devastating economic factor- rising food costs. Before I continue with why I believe this is the case, I want to mention an article that I wrote several months ago titled, Food Inflation: What's The Story. The article provides an introductory view on food inflation. I must also point out that food prices are even higher now than when the article was first published in September Read full article... Read full article...
Monday, April 14, 2008
Gold Correlation with Fed Funds Rate, Euro and Risk / Commodities / Gold & Silver
By: Adrian_Ash
"...Four charts, one metal, and the whole world wrapped up in trying to price risk and reward in a fast-shrinking currency..."
YOU CAN LINK the historic surge in Gold Prices starting mid-August 2007 to many apparently disparate things.
Pick the right link, and you might be able to tell whether it's worth you buying or holding gold today.
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Monday, April 14, 2008
Gold Strong as US Dollar Weakens / Commodities / Gold & Silver
By: Mark_OByrne
Gold is up marginally in trading in London this morning. The London AM Gold Fix at 1030 GMT this morning was at $917.75, £464.80 and €580.854 (from $ 934.25, £471.08 and €587.95 on Friday).Gold is stronger as the dollar has weakened despite leaders of the G7 and IMF governing council saying they would do all in their powers to provide market stability. Continuing worries about the health of the international financial sector has led to declines in stock markets internationally and renewed risk aversion.
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Monday, April 14, 2008
Gold Rallies as US Dollar G7 Bounce Fails to Hold / Commodities / Gold & Silver
By: Adrian_Ash
FOUR WEEKS AFTER Gold 's peak of $1,034 per ounce, the Gold Price recovered a 1.1% drop early Monday as the US Dollar failed to hold onto a sharp bounce following this weekend's meeting of G7 finance ministers in Washington.The physical Gold Market had earlier slipped to a three-day low beneath $915 per ounce and the Euro gapped down 1.5¢ against the Dollar at the opening in Asia .
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Sunday, April 13, 2008
Gold and Silver Bullish Chart Indications / Commodities / Gold & Silver
By: Joe_Nicholson
“Risk is clearly to the… downside for gold and silver, even if relatively minor advances are seen intraweek.” ~ Precious Points: Still Unstable, April 06, 2008
Tuesday was a good week for commodities, including the precious metals, but any readers of this update should have been skeptical, particularly since the rally in gold was halted exactly at the 5-day and 5-week moving averages! Though a relatively unsophisticated and unglamorous technique amongst the analysts' varied tools, moving averages continue to be incredibly telling in the precious metals.
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Sunday, April 13, 2008
Gold Marking Time Before Next Down Leg / Commodities / Gold & Silver
By: Merv_Burak
Although gold closed the week about 1.2% ahead of last week it still seems to be going nowhere. Over the past month it has been tracing a lower low and lower high scenario. It looks like it is about to go into its next lower low phase but let's check the charts and indicators.
WHAT! ME WORRY?
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Friday, April 11, 2008
Global Gold Bull Markets / Commodities / Gold & Silver
By: Zeal_LLC
Of all the countless investments worldwide, gold is easily the most universally recognized. From the biggest banks in premier cosmopolitan cities to the smallest vendors in this planet's dustiest corners, everyone knows gold. This metal's timeless intrinsic value is beyond dispute and is welcome everywhere.
But although recognized, gold is not perceived the same way everywhere. We all view it through the unique lenses of our own home currencies. Most of us are born, reared, and socialized in a single country. By the time we reach investment age, our minds are hardwired to judge value exclusively relative to our particular country's currency.
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Friday, April 11, 2008
Gold Trades Sideways as Stocks Slide Ahead of G7 Crisis Meeting / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD moved sideways in London trade early Friday, recovering last night's US close near $929 per ounce after a 1.1% fall, as finance ministers from the G7 group of seven richest economies met in Washington to discuss the on-going global banking crisis."We do not have the luxury of waiting for markets to stabilize before we think about the future," said Ben Bernanke, head of the US Federal Reserve, in a speech on Thursday.
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Thursday, April 10, 2008
Ethics: Investment implications Benefit Gold / Commodities / Gold & Silver
By: Brian_Bloom
The following is a quote from an article which discusses the current disruption in the airline industry in the USA, as the FAA moves to enforce its rules:
“ The FAA and airlines are responding, in part, to heightened scrutiny by Congress, led by Representative James Oberstar, Democrat of Minnesota and chairman of the House Committee on Transportation and Infrastructure, who is a longtime activist on aviation safety.
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Thursday, April 10, 2008
Investing in Gold and Silver for Retirement / Commodities / Gold & Silver
By: David_Morgan
Individual Retirement Accounts (IRAs) can be funded with physical gold and silver, yet very few investors are aware of this fact. They are exempt from all capital gains taxes, so if your investments perform well over a long period of time, it can result in huge savings.Read full article... Read full article...
Thursday, April 10, 2008
Six Ways to Play Money Morning's Prediction That Gold is Headed to $1,500 / Commodities / Gold & Silver
By: Martin_Hutchinson
Back in October - when gold was trading at only $770 an ounce - I told Money Morning readers that the "yellow metal" was looking like a very good bet. Since then, gold soared to more than $1,000 an ounce, creating quite a nice return for investors who acted on our prediction. Since achieving that peak, gold prices have declined a bit. In fact, just last week, gold prices dropped below the $900 mark, prompting gold bears to say that the great gold bull market has reversed itself.
Let me say right now: They're wrong.
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Thursday, April 10, 2008
Gold Finished With Corrective Rally? / Commodities / Gold & Silver
By: Mike_Paulenoff
Yesterday my work was telling me to await one more new recovery high into the 93.20/60 area prior to considering a short position in the streetTRACKS Gold Shares (NYSE: GLD). Naturally, prices have weakened this morning. However, I am NOT convinced that the recovery rally off of the 4/01 low at 86.05 is complete on the upside. I will stand aside for a while longer prior to committing $ to the short side of the GLD.Read full article... Read full article...
Thursday, April 10, 2008
Gold Prices Gain as Bank of England Ignores Inflation and Cuts UK Interest Rate / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose to an eight-session high for US investors above $939 per ounce as the Wall Street open drew near on Thursday as world stock markets fell and broad commodity prices rose 2.3%.In Frankfurt, Germany, the European Central Bank voted to keep its target interest rate on hold at 4.0%, helping cap the Gold Price in Euros at a two-day high of €590 per ounce.
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Thursday, April 10, 2008
Gold Rallies on Record High Crude Oil Prices / Commodities / Gold & Silver
By: Mark_OByrne
Gold is up in early trading in London this morning. Gold was up $30 to $934 per ounce in trading in New York yesterday and silver was up 50 cents to $18.18 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $ 934.25, £471.08 and €587.95 (from $906.75, £460.40 and €576.56 yesterday).Read full article... Read full article...
Wednesday, April 09, 2008
The Start of a Gold Bull Run / Commodities / Gold & Silver
By: John_Lee
The price of Rice doubled in the last 2 months raising fears of fresh outbreaks of social unrest across Asia, where the grain is a staple food for more than 2.5bn people (See article in FT.com here ).
This should come as no surprise since grains, energy, and just about every other commodity prices have risen a minimum of 50% in the last 6 months. And a strong physical demand and lax monetary policy will continue to fuel high commodity prices.
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Wednesday, April 09, 2008
IMF Gold Sales- Rich West Sells Gold; Asian Nations Sell US Dollars? / Commodities / Gold & Silver
By: Adrian_Ash
"...The growing call for pan-global government intervention might just throw up a ' Reverse Plaza ' sometime soon in the future..."
WELL, WHAT A BUSY WEEK for the International Monetary Fund! And it's barely half-way through ( as of Wednesday ).
Just how busy will the IMF get when it helps host the G7 meeting of policy wonks from the world's seven richest nations in Washington this weekend?
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Wednesday, April 09, 2008
South African Power Cuts Affect Precious Metal Markets Production for Years / Commodities / Gold & Silver
By: Julian_DW_Phillips
The South African government will give state-owned power utility, Eskom, R80 billion in funding it was announced in the annual budget on 20th February to help it boost electricity generation. Since then it is clear that Eskom will be able to access the needed total funding of well over R300 billion [$37.5 billion] to expand capacity. Since then Eskom has confirmed that it needs to see South Africans cut power demand by 10% for the next few years. At the moment the main city of South Africa is suffering power outages every second day for between 1 and 3 hours at a time. It has recommended too that expansion plans for the mines, smelters in the country, housing projects and new ventures be curtailed until Eskom can guarantee the needed electricity to operate them. It expects power cuts to continue until at least 2013. So that one, on the outside, can gain some perspective of the problem and how it will be handled in the future, it would be good to see just how such a SNAFU could have happened.Read full article... Read full article...
Wednesday, April 09, 2008
Gold Bounces on Record US Gasoline Prices and Credit Crisis / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slid into the London opening on Wednesday, reaching a four-session low of $903.60 per ounce before bouncing 1.4% to recover the day's losses on news that US gasoline prices have reached a new record high for consumers.The average price of regular unleaded has now risen to $3.343 per gallon according to the AAA survey, almost 20% higher from this time last year.
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Wednesday, April 09, 2008
Where Is Gold Going? / Commodities / Gold & Silver
By: David_Vaughn
Though many of you may find this hard to believe but I believe gold is preparing to take out new highs. Nothing has changed concerning the fundamentals and the Federal Reserve is not going to be successful in fixing the many problems at the moment. Oil will continue to stabilize and find its own price platform. The housing mess has not finished yet. There are still so many adjustable rate mortgages that have not been triggered as of yet.Read full article... Read full article...
Wednesday, April 09, 2008
Gold and Silver, Preparing for the Next Launch to Greater Heights / Commodities / Gold & Silver
By: Peter_Degraaf
Normally when a commodity rises in price, the supply increases, as producers put their product on the market to take advantage of the higher price. In the case of gold, we see the opposite to that trend. In the year 2000, just before the current bull market in gold began, the world's mines produced 2,573 tonnes. (Some sources quote 2,604 tonnes). In 2007, after gold increased in price from $260.00 to $900.00, the supply of new gold actually DECLINED by 129 tonnes, to 2,444 tonnes. South Africa , historically the world's largest supplier of gold, is now producing the lowest number of ounces in 84 years, and has been overtaken for first place by Red China. (Source www.goldsheetlinks.com ). Gold is scarce, and getting scarcer! Read full article... Read full article...
Wednesday, April 09, 2008
Gold Weakens Ahead of Central Bank Meeting / Commodities / Gold & Silver
By: Mark_OByrne
Gold is down some 1% in early trading in London this morning. Gold was down $11.10 to $914.00 per ounce in trading in New York yesterday and silver was down 41 cents to $17.68 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $906.75, £460.40 and €576.56 (from $921.00, £465.95 €584.65 yesterday).Read full article... Read full article...
Wednesday, April 09, 2008
Gold Correction Presents Opportunity for Investors to Accumulate Gold / Commodities / Gold & Silver
By: Ned_W_Schmidt
Two sets of forces work on market prices. Internal factors, or market's technical conditions, can in some periods dominate all others. Second set of forces are fundamental factors. Latter is that which is happening in world that might influence market. The much enjoyed rally from last summer's lows to the joyous move above US$1,000 was driven by latter. Investors wanted to protect their purchasing power from collapse of purveyors of paper assets. Internal factors seem now to be more important at the present time. Read full article... Read full article...
Wednesday, April 09, 2008
An "ABCs of Gold Investing" Update / Commodities / Gold & Silver
By: Michael_J_Kosares
"F" is for "Fundamentals"
Golden Gut Check - Why gold is likely to keep moving higher over the long run
"Gentlemen, this is a football." -
Coach Vince Lombardi at the start of Green Bay Packer football camp
Tuesday, April 08, 2008
Gold Little Moved by IMF's Planned Sale Inside Existing Central-Bank Quotas / Commodities / Gold & Silver
By: Adrian_Ash
SPOT MARKET GOLD PRICES slipped south of an 0.8% trading range as the US open drew near on Tuesday, falling to $915 per ounce – a little more than $1 higher for the week so far – after the International Monetary Fund (IMF) approved a decision to start selling 400 tonnes of its bullion reserve.Crude oil dipped 0.3% to $108.74 per barrel; Treasury yields ticked lower as bond prices rose; world stock markets fell around 1% across the board.
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Tuesday, April 08, 2008
Gold Weakens on Rumours of IMF Gold Sales / Commodities / Gold & Silver
By: Mark_OByrne
Gold is down slightly in early trading in London this morning. Gold was up $13.80 to $923.10 per ounce in trading in New York Friday and silver was up 38 cents to $18.09 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $921.00, £465.95 €584.65 (from $914.70, £460.27 and €582.17 yesterday.Read full article... Read full article...
Monday, April 07, 2008
Silver Expected to Hold Support for Resumption of Bull Market / Commodities / Gold & Silver
By: Clive_Maund
Although silver dropped back quite sharply last week as expected, in tune with gold, it was interesting to observe that the decline halted EXACTLY at its channel support line shown on our 1-year chart, and that it did not drop below its mid-March low on a closing basis. These are signs that it may just have bottomed, especially as it is now noticeably outperforming gold. What this means is that even if gold goes on to drop towards our intermediate maximum downside target in the $830 - $850 zone, silver may not react much further and might hold above last week's low. Traders should be remain aware of this and depending on how it pans out in the near future could aim to buy close to last week's lows with a tight stop, possibly re-entering the position in the event of being shaken out by a short-lived drop to lower levels, on subsequent strength.Read full article... Read full article...
Monday, April 07, 2008
Gold Correction Targeting Move to $850-$830 / Commodities / Gold & Silver
By: Clive_Maund
Gold's uptrend channel from its August low failed last week as predicted, leading to an immediate plunge to $875, from which point it bounced. The failure of the uptrend and the drop well below the 50-day moving average, now way above the 200-day, are events that together typically lead to a prolonged period of consolidation/reaction. This fits with the fundamentals where there is likely to be a significant easing of concerns about the potential insolvency of major banking and mortgage corporations and institutions as the US Fed and Treasury organize an effective taxpayer funded bailout to get them off the hook. Even though the implications of this are hyperinflationary, the general relief resulting from the aversion of immediate crisis is likely to fuel a strong rally in the broad stockmarket, as already set out in detail last week on www.clivemaund.com Read full article... Read full article...
Monday, April 07, 2008
Gold Rallies As Weak US Economy Puts Dollar Under Pressure / Commodities / Gold & Silver
By: Mark_OByrne
Gold is up in Asian and early trading in London this morning. Gold was up $3.60 to $909.30 per ounce in trading in New York Friday and silver was up 32 cents to $17.71 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $914.70, £460.27 and €582.17 .Read full article... Read full article...
Monday, April 07, 2008
Gold Correction or Price Collapse? / Commodities / Gold & Silver
By: Darryl_R_Schoon
Conduct your victory as a funeral - Tao Te Ching , Lao-tzu
Gold's recent sell-off from a high of $1033 has sent once jubilant gold investors to the sidelines to reassess gold's present malaise. Rest assured, gold is going higher, much higher. While there will be corrections along the way, gold will someday break out and explode upwards towards yet to be reached heights.
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Monday, April 07, 2008
Gold Rises to 4 Session High as Global Equities Rally / Commodities / Gold & Silver
By: Adrian_Ash
GOLD PRICES jumped to a four-session high above $918 per ounce in London trade early Monday, rising 0.5% from last week's close as crude oil rose 1% and world stock markets ticked higher.Read full article... Read full article...
Monday, April 07, 2008
Gold and Silver Trend Still Unstable / Commodities / Gold & Silver
By: Joe_Nicholson
“With a potential negative crossover in the MACD possible for next week, gold could face increased selling pressure if it cannot clear the 5-week sma in short order. The long term prospects for precious metals continue to be favorable, but a little patience now could prevent a lot of frustration later.” ~ Precious Points: Dear Prudence, March 29, 2008Read full article... Read full article...
Sunday, April 06, 2008
Gold Lower Highs and Lows Signals Bearish Trend / Commodities / Gold & Silver
By: Merv_Burak
Although the week started horrible it ended on an up note. Now the question is, “will the up note continue”? The step manner of the recent decline should be fodder for Elliott Wave analysts but I'll just keep it simple.
GOLD : LONG TERM
Well, the long term P&F chart has been bullish for some time now and finally is in a precarious position. It has not yet given a reversal signal to the bear but is getting close. For those of you who do not know my criteria for the issuance of a P&F reversal signal it's quite simple. In this case, to give a bear signal the chart must break below the established up trend line and below two previous lows. Well, it had broken below two previous lows earlier (at $900) but had not moved below the up trend line.
Sunday, April 06, 2008
Gold and Silver Set to Soar in Euros! / Commodities / Gold & Silver
By: Julian_DW_Phillips
The focus in the gold market has always been on the $ price of gold and yet we have ample evidence of why we should not price gold in the US $, just as the oil price should not be priced in the US $. The fall of the $ has clouded the state of the global economy, its monetary system, as well as most of its markets. The gold and silver price has moved fairly closely with the € in the opposite direction to the $. But should it be attached so faithfully to the €? Read full article... Read full article...
Friday, April 04, 2008
Gold Prices Wrong-Footed as US Payrolls Sink / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES dipped, bounced and then fell back again from a four-day high early Friday on news that US job losses exceeded expectations last month.Non-Farm Payrolls for March showed a loss of 80,000 jobs vs. Wall Street forecasts of 50,000 cuts. Even the ever-bearish Briefing.com had penciled in only a 70,000 fall.
Read full article... Read full article...
Thursday, April 03, 2008
Capital Controls- Are Gold and Silver Enough Protection? / Commodities / Gold & Silver
By: Julian_DW_Phillips
As we watch the credit crunch wend its toxic way across the developed world, we are seeing defensive action by some nations to lower its dependence on the U.S.A. so as to duck the recession that is now hitting there. The future of the U.S. in global trade has been damaged, with its currency's weakness providing some defense for the nation. Read full article... Read full article...
Thursday, April 03, 2008
Gold Dips Below $900 as Paulson (Almost) Admits US Recession / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD gave back an overnight rally to $905 per ounce early in London on Thursday, slipping $10 per ounce as the US open drew near.Government debt prices ticked higher, pushing US bond yields further below the rate of inflation, as Asian stock markets closed higher but Wall Street futures pointed lower after US Treasury secretary Hank Paulson finally admitted that "we need to have this correction."
Read full article... Read full article...
Thursday, April 03, 2008
Gold Downtrend Forecast Update / Commodities / Gold & Silver
By: Nadeem_Walayat
This is an update to the gold price forecast posted on the 20th of March which illustrated a downtrend target for gold of $850. Subsequent price action now enables me to refine the forecast trend as illustrated by the below graph.Read full article... Read full article...
Thursday, April 03, 2008
Elliott Wave on Gold and Silver Retracements / Commodities / Gold & Silver
By: Dan_Stinson
Short Term ForecastThe price action for Gold and Silver appears to be in a wave (2) or wave (B) correction. We should see the price of Gold and Silver advance to the recent highs attained on Mar 26th 2008. This wave up will also confirm if the intermediate highs are in place for the metals.
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Thursday, April 03, 2008
Gold Works Off Oversold Condition Ahead of Next Downleg / Commodities / Gold & Silver
By: Mike_Paulenoff
The strength off of yesterday's low at 86.05 to 88.40 in the streetTRACKS Gold Shares (NYSE: GLD) represents a recovery bounce within an incomplete downside correction that projects into the 83.00 target zone prior to completion. The only question for me is whether or not "the bounce" continues higher to 90.00 prior to the next rollover. My intraday work is telling me that at the very least, the GLD needs more time to work off the near-term oversold condition ahead of the next downleg. I will remain on the sidelines for now.Read full article... Read full article...
Thursday, April 03, 2008
A New Floor in the Gold Price? / Commodities / Gold & Silver
By: Adrian_Ash
"...And here's where the thick red-wax crayon joins the slump of Spring 2008 to the big spike of May 2007..."
AFTER NOTING an historic move higher in the Gold Price last month, maybe we should be wary of picking a bottom today.
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Wednesday, April 02, 2008
A $1 million Wager for Gold Bears / Commodities / Gold & Silver
By: Prieur_du_Plessis
Gold bullion is under water at the moment with the price having dived sharply over the past two weeks. This move has triggered a myriad opinions ranging from the end of gold's 7-year bull market to a mere healthy correction in an ongoing uptrend. But few pundits have as strong a conviction as Jim Sinclair who is putting his money where his mouth is – $1 million smackaroos, to be exact, that the gold price will trade at US$1,650 before the second week of January 2011. Any takers? (Let's hope this is not Jim's version of an April Fool's hoax!)Read full article... Read full article...
Wednesday, April 02, 2008
Gold Recovers as Emerging Economies Scramble to Cap Food-Price Inflation / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD rose steadily in European trade early Wednesday, adding more than 1% from last night's New York finish as Asian stock markets closed sharply higher.European stock markets held flat, however, while crude oil added one dollar to $101.96 per barrel and short-dated US Treasury bonds bounced higher from Tuesday's sell-off.
Read full article... Read full article...
Wednesday, April 02, 2008
Gold and Silver- What's Changed? / Commodities / Gold & Silver
By: Bill_Bryan
The Metals, both Gold and Silver , as well as the entire commodity spectrum in recent sessions have been/are being pounded for hefty losses as crimson litters the landscape.It is apparent that the entire complex now seems to be taking the "elevator down".
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Tuesday, April 01, 2008
Gold Sinks Below $900 on "Panic Selling" of Commodity Investments / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE of physical gold bullion sank to a two-month low of $889 at the start of London trade on Tuesday, taking the last fortnight's losses to more than 14% before recovering to $897 per ounce.Crude oil recovered $1 after dropping to $100 per barrel, copper futures dropped 2.5%, and soft commodities continued to plunge in what one analyst called "panic selling".
Read full article... Read full article...
Monday, March 31, 2008
Gold and a Newer Generation / Commodities / Gold & Silver
By: David_Vaughn
Well, now that gold has surpassed 1,000 an ounce it should be preparing for its dramatic descent. The fact is that the common man has been brainwashed for 20 years that gold is bad and evil. Now that it is over 900 he knows by all his learning that gold should soon drop through the floor. Small investors all around the country are selling their physical gold for paper dollars.Read full article... Read full article...
Monday, March 31, 2008
Silver, Gold and JFK the Last American Hero / Commodities / Gold & Silver
By: Darryl_R_Schoon
hero, def. a man distinguished by exceptional courage and nobility and strength - wordnet.princeton.edu/perl/webwn
Like everything in our past, the late American president, John Fitzgerald Kennedy, exists as a memory. Struck down by an assassin in a decade where bullets—democracy's deadly equalizer—quieted those brave enough to champion change, e.g. JFK, Martin Luther King and Robert Kennedy, President John Fitzgerald Kennedy was a true American hero; and heroes, while a champion to many are, by definition, a threat to some.
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Monday, March 31, 2008
Gold and Silver Bearish Momentum / Commodities / Gold & Silver
By: Merv_Burak
The week started okay but ended on a sour note. It's not the time to panic yet but not the time to plunge in either. One should have well placed stops, relax and watch the action in comfort. Let others tear their hair out worrying what will happen next.
GOLD : LONG TERM
Nothing much has happened in the long term P&F chart so no need to comment on it this week. You may go to archive commentaries for still appropriate P&F analysis.
Sunday, March 30, 2008
Gold and Silver Remain Overbought / Commodities / Gold & Silver
By: Joe_Nicholson
“Notice two important indicators may be showing short term support ahead in gold. Silver may be putting in an internal fourth wave.” ~ Precious Points: What Goes Up…, March 22, 2008
If last week's update said gold could go to $800 and silver to $15 without technically damaging their bull markets, then some might assume the positive price action last week in precious metals must be super-bullish and that it's time to pile back in. But that's clearly not the case, as shown in the weekly gold chart below.
Read full article... Read full article...
Sunday, March 30, 2008
Gold Fundamentals Are Being Ignored / Commodities / Gold & Silver
By: John_Handbury
Almost every article on gold seems to be stating that the yellow metal is being bought up due to these troubled economic times. If I hear the words “safe haven” again, I'm going to be sick. In other words, it is proposed that investors will lose confidence in the value of the dollar and revert back to the olden days of bartering in physical goods. Analysts are throwing around ridiculous forecasts for gold of $2,000, $5,000, even $100,000 per troy ounce. Read full article... Read full article...
Saturday, March 29, 2008
Investing in Junior Gold Stocks / Commodities / Gold & Silver
By: Zeal_LLC
“Junior gold stocks” is a three-word expression that for some breeds dismay, trepidation, and anger. But for others it illuminates excitement, opportunity, and profits. Regardless of which camp an investor resides, one thing is for certain. During this fantastic 7-year-running secular gold bull, the junior gold stock realm has been host to a highly-volatile range of sentimental extremes. Read full article... Read full article...
Friday, March 28, 2008
Gold Drops 1.5% as US Core PCE Inflation Falls / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES dropped to a three-session low as the New York opening drew near on Friday after the Commerce Dept. said a key measure of US price inflation dipped last month.The "Core PCE" inflation – which strips out both food and fuel prices, and which is closely watched by the Federal Reserve – rose by 2.0% in the year-to-February, just shy of Wall Street forecasts.
Read full article... Read full article...
Friday, March 28, 2008
Gold's Performance as a Safe Haven Asset / Commodities / Gold & Silver
By: Mark_OByrne
Gold has traded sideways to slightly down in Asian and early trading in London this morning. Gold was down 30 cents to $948.80 per ounce in trading in New York yesterday while silver was up 17 cents to $18.49 per ounce. The London AM Gold Fix at 1030 GMT this morning was at $944.50, £473.05 €598.28 (from $948.25, £470.60 and €600.31 yesterday). Thus, while gold was slightly down in euros and dollars it was stronger in pounds with the pound weakening on the deteriorating UK outlook (more below). Read full article... Read full article...
Friday, March 28, 2008
Silver Bull Market Outperforming Gold / Commodities / Gold & Silver
By: John_Lee
In August of 2004, when Silver was $6 and Gold was $380 I wrote the 4 reasons for liking silver more than gold.
- Supply and demand -
Mine production could not satisfy physical demands of either gold or silver. However, I like silver better because most official sectors, such as the US government, have run out of silver. Only governments do nutty things like selling a valuable asset to suppress its price. I trust the private enterprises holding silver stockpiles to be logical (i.e. profit-seeking) participants in the silver market.
Thursday, March 27, 2008
Gold Slips as US Dollar Bounces Despite US Economic Slowdown / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD slipped 1.1% early in London on Thursday, giving back yesterday's bounce to fall below $943 per ounce as world equity markets ticked higher and crude oil reached a one-week high after a militia attack on Iraq's main oil terminal."The Gold Market at the moment continues to drift sideways," says Mitsui in Sydney . "With quarter-end approaching, the metal's momentum to the upside could well be capped in the immediate term."
Read full article... Read full article...
Thursday, March 27, 2008
No Tears for Gold / Commodities / Gold & Silver
By: Michael_Pento
So, the word on the street—both Wall Street and Main Street—is that the rally is over for gold and other hard assets . It's time to look elsewhere for increasing value, right? Actually, we believe the recent sell off is a blip rather than a reversal of a trend, one which will provide an entry point for those who are paying attention.Read full article... Read full article...
Wednesday, March 26, 2008
You Think $1,000 Gold is Important? / Commodities / Gold & Silver
By: Adrian_Ash
"A dead, defunct currency says the world's money supply is about to unleash an awful inflation..."AMID ALL THE BROU-HA-HA over gold hitting $1,000 an ounce for three short days this month, another milestone in this nine-year bull market went completely un-noticed.
Read full article... Read full article...
Wednesday, March 26, 2008
Gold Rallies Sharply on Deepening Credit Crisis / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $16.50 to $934.80 per ounce in trading in New York yesterday while silver was up 70 cents to $17.70 per ounce (see more on silver shortages below) . Gold has rallied in Asian trading and again in trading in London this morning. The London AM Gold Fix at 1030 GMT this morning was at $945.75 £473.68 and €602.01 (from $930.65, £467.24 and €598.57 yesterday).Read full article... Read full article...
Wednesday, March 26, 2008
Gold Bounces on ECB Inflation Warning / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD bounced 1.3% into the start of London trade on Wednesday, reaching a one-week high above $948 per ounce as the US open drew near.Global stock markets ticked lower, meantime, and crude oil prices rose 1.6% to $102.85 per barrel.
Read full article... Read full article...
Wednesday, March 26, 2008
Gold Healthy Three Leg Short-term Correction / Commodities / Gold & Silver
By: Ned_W_Schmidt
Effectiveness of a central bank can be measured several ways. For investors, that assessment is by return provided by equity capital in a nation and value of the nation's money. This week's chart shows that Federal Reserve deserves a failing grade. Back line is total return, including dividends, of S&P 500 over past ten years. That return has been a little more than 3% per year for ten years, and essentially zero for past eight.Read full article... Read full article...
Tuesday, March 25, 2008
Words of Wisdom - Stay the Course with Commodities / Commodities / Gold & Silver
By: Dudley_Baker
Here's more from that subscriber of ours down in Argentina who we have dubbed 'Crazy Like a Fox' for his insights into the economy, financial markets and commodities and the way he has positioned himself in these troubled times to profit from those insights. Like his previous emails to us which we edited into articles ("Crazy Man's Rant - He's Crazy like a Fox", "A Crazy Man's Rant or Right On - You be the Judge", "Lighten up and Enjoy the Commodities Ride" and "Commodities are for 'Crafty' not 'Crazy' Investors) we have done the same with his latest which we received this past Thursday after the commodities debacle of Wednesday. If his previous 'emails' are any indication you will enjoy and prosper from what he has to say.Read full article... Read full article...
Tuesday, March 25, 2008
Gold Recovers as Stock Markets Stabalise / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD regained a three-session high early Tuesday, rising 1.1% as London re-opened after the long Easter weekend to touch $936 per ounce – a level first broken at the end of January.Asian and European stock markets meantime turned sharply higher, led by financial shares buoyed by J.P.Morgan's revised five-fold offer for Bear Stearns.
Read full article... Read full article...
Tuesday, March 25, 2008
Gold Rallies on Bargain Hunting After Recent Sharp Drop / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $2.30 to $918.30 per ounce in trading in New York yesterday while silver was up 12 cents to $17.07 per ounce. Gold has rallied in Asian trading and again in trading in London this morning. The London AM Gold Fix at 1030 GMT this morning was at $930.65, £467.24 and €598.57 (from $913.50, £461.60 and €591.15 last Thursday).Read full article... Read full article...
Monday, March 24, 2008
Silver Violent Correction Towards Buying Territory / Commodities / Gold & Silver
By: Clive_Maund
Although it may retreat a little more over the next week or two, Silver is now at/close to buying territory after its violent correction last week. Much of what has been written in the Gold Market update applies equally to silver and so readers are asked to refer to this information in that update. Read full article... Read full article...
Monday, March 24, 2008
Gold Dramatic Correction Back into Buying Territory / Commodities / Gold & Silver
By: Clive_Maund
Gold is back in buying territory after its dramatic correction back to key intermediate trendline support.
In the last update we were looking for gold to break out above the $1,000 level. It did and briefly got to about $1030 before it turned tail and dropped precipitously. Interestingly, the short-lived run at $1030 occurred last Sunday at the time of the Bear Stearns emergency, and the time when the crisis was at its most acute was the point at which gold topped out, which is what one would expect.
Monday, March 24, 2008
Gold and Silver Analysis- What Goes Up Must Come Down,,,, / Commodities / Gold & Silver
By: Joe_Nicholson
“The current trend now is clearly down as confirmed by violation of the 5-week sma on Tuesday and it should be expected that rallies will be used as an opportunity to further liquidate long positions. And because gold in has moved so far so fast a substantial decline will likely ensue. But it would take a move below $750, that's over 25% from Monday's high, before there's serious damage to the bull market. It may not look pretty between now an then, but until conditions change, the 50-week moving average serves as support for the bull market.” ~ Precious Points: Gold Gets Sold , March 19, 2008Read full article... Read full article...
Sunday, March 23, 2008
Gold Downward Spiral Targeting Primary Up-trendline at $840 / Commodities / Gold & Silver
By: Merv_Burak
What does one say after a week like this past one? Memories of an old movie come to mind and the saying “it was the best of times, it was the worst of times”, then off they went to the guillotine. Those with their heads still intact might eventually benefit down the road.
GOLD : LONG TERM
For those with a long term focus the long term P&F chart suggests that there is still no worry about a bear market. The price of gold would have to drop to the $885 level to break below both a (secondary) up trend line and two previous lows, or more importantly must move to the $840 level to break below the primary up trend line. Should such a break come, that would project down to the $720 level for now, but first things first. Let's check where we are with the normal charts and indicators.
Saturday, March 22, 2008
The US Fed Engineered Commodities Price Plunge / Commodities / Gold & Silver
By: Alex_Wallenwein
The world-wide fiat system functions like a roach motel: Investors check in - but they NEVER check out! By it's latest hit on commodities, the Fed as the system-leader gave investors a shot across the bow. The message: "If you try to leave, we will hurt you!"
("Leaving the fiat system" here means to store your wealth in more tangible forms that are not as susceptible to engineered currency collapses.)
Read full article... Read full article...
Saturday, March 22, 2008
Gold Trading has Changed Due to Impact of Gold ETF Holdings / Commodities / Gold & Silver
By: John_Handbury
The introduction of Gold Exchange Traded Funds (GETFs) has changed the fundamental supply and demand dynamics of the gold market. Now goldbugs, rather than crudely storing gold in their basements, can buy shares in companies that actually store the physical gold bars in secure warehouses. Read full article... Read full article...
Thursday, March 20, 2008
Gold Sinks Like a Stone to $906 On Heavy Investment Fund Liquidation / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD sank as European markets opened for business on Thursday, giving back a 2% rally in Asia to plummet towards a new one-month low, just shy of $906 per ounce.Bouncing more than 12% beneath Monday's all-time record high of $1,034, the Gold Market then rallied to record an AM Fix in London of $913.50 per ounce – its lowest level since Feb. 18th.
Read full article... Read full article...
Wednesday, March 19, 2008
Gold Gets Sold / Commodities / Gold & Silver
By: Joe_Nicholson
TTC members were told Thursday morning we could be “hours or days” from a top in gold. The top actually printed two trading days later on Monday, when front month gold futures moved briefly above 1030 and sold off, producing a bearish reversal candle on the daily chart below.Read full article... Read full article...
Wednesday, March 19, 2008
Credit Crisis Hits Gold As Margin Calls Hit Investment Funds / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD and gold futures prices sank as the US open drew near on Wednesday, falling almost 3% to bounce off a seven-session low as oil prices and soft commodities continued to tick lower and European stocks climbed back from an earlier 1.2% drop.In Australia a major real-estate investment fund today faced a A$30 million margin call (US$27.9m), reports the Herald Sun, while the highly-geared Wesfarmers fund denied rumors it could only re-finance an outstanding US$3.7 billion private-equity debt at 4% above prevailing cash rates.
Read full article... Read full article...
Wednesday, March 19, 2008
Gold Healthy Consolidation Following US Interest Rate Cut / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $2.20 to $1003 per ounce in trading in New York yesterday while silver was down 30 cents to $19.89 per ounce. In illiquid electronic trading after the Federal Reserve cut interest rates by 75 basis points, very counter intuitively gold fell in value by nearly 2%. With gold already up by more than 19% so far this year (some 10 weeks), consolidation is healthy and to be expected.Read full article... Read full article...
Tuesday, March 18, 2008
Gold to Sell off to $940 on US Interest Rate Cut Decision / Commodities / Gold & Silver
By: Mike_Paulenoff
Big day for gold and the streetTRACKS Gold Shares (NYSE: GLD) because just about everyone believes that the Fed will cut rates 75 to 100 bps, which will crush the dollar and trigger another upleg in gold. My technical work argues differently -- that the GLD has peak and that "good news" will be sold at the top of the Jan-Mar channel, and the GLD will traverse towards the lower portion of the channel, now in the vicinity of 94.00. Read full article... Read full article...
Tuesday, March 18, 2008
Gold Recovers and Stocks Bounce Ahead of US Interest Rate Cut / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES ticked higher vs. both the Dollar and Euros in London on Tuesday, gaining more than 1.3% from an overnight dip against each currency as global stock markets bounced after Monday's shock losses.By lunchtime in London – where the AM Gold Fix was set nearly $20 below Monday's record of $1,023.50 per ounce – the MSCI World Index stood 0.9% higher to show its first gain since Wednesday last week.
Read full article... Read full article...
Tuesday, March 18, 2008
Gold Strong as Safehaven in the Face of Worst Financial Crisis since 1987 Crash / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $2.10 to $1000.80 per ounce in trading in New York yesterday while silver was down 25 cents to $20.36 per ounce. Gold surged on the open in Asia yesterday and reached a new record high ($1030.80 per ounce). Subsequently, with U.S. stock markets miraculously recovering, gold succumbed to profit taking and ended the day only slightly higher.Read full article... Read full article...
Monday, March 17, 2008
Gold Jumps 3% as Panic Selling Hits Banking Stocks / Commodities / Gold & Silver
By: Adrian_Ash
PHYSICAL GOLD PRICES leapt more than 3% at the start of world trade on Monday – and the US Dollar and Asian stock markets sank – on news that the Federal Reserve will today start lending directly to New York investment banks to "bolster market liquidity and promote orderly market functioning."
The Gold Market then gave back half of its early gains to $1,015 per ounce, while European equities lost more than 3% from Friday's close.
Read full article... Read full article...
Monday, March 17, 2008
Gold Soars to $1027 on Bear Stearns Collapse / Commodities / Gold & Silver
By: Mark_OByrne
The London AM Gold Fix at 1030 GMT this morning was at $1023.50, £508.45 and €649.51 (up from $997.00, £491.617 and €641.158 Friday).
We are at new record nominal highs in gold in most major currencies and gold has surged through £500 per ounce (GBP) with sterling falling significantly against major currencies especially the euro (0.79).
Read full article... Read full article...
Sunday, March 16, 2008
Gold $1000 and Bullish, Silver Boxed in for a Breakout / Commodities / Gold & Silver
By: Merv_Burak
WOW! $1000 per oz. Where to from here? I still remember when the DOW first breached its 1000 mark. It was 10 years before it went anywhere after that. I don't see the same for gold, but who knows?
GOLD : LONG TERM
Well, it hasn't quite hit my long term P&F projection of $1020 but it got awfully close. Maybe this week. The next projection would then be $1125. The very long term $1600 projection is getting closer and closer.
Friday, March 14, 2008
Mainstream Media View- Beaten-Down Stocks Going Cheap! / Commodities / Gold & Silver
By: Adrian_Ash
"...Oh gee, what a move! It took me almost two years to get back to break-even..."
"THE TIME TO MAKE MONEY in the stock market is not when things are going gangbusters," reckons Stephen Gandel – yet another senior writer at Money Magazine . (Do they have any juniors...? Just wondering.)
Read full article... Read full article...
Friday, March 14, 2008
Gold Stocks Headed for Boom or Bust? / Commodities / Gold & Silver
By: Alex_Wallenwein
Depending on whether you prefer to see the glass as half full or half empty, the technical picture for gold stocks is either great – or horrible, at this point.
Bad news first: - Three Megaphones
The HUI continues to trace out one successive megaphone pattern after another. There is the big one that was begun in November-December last year.
Read full article... Read full article...
Friday, March 14, 2008
Gold Holds Steady on US Inflation Data / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD recovered a sharp dip at London lunchtime on Friday as the US Dollar bounced almost 1% from Thursday's all-time lows on strong inflation data.Read full article... Read full article...
Friday, March 14, 2008
Gold Breached $1000 on Safe Haven Demand / Commodities / Gold & Silver
By: Mark_OByrne
As expected, gold reached the greatly anticipated and important psychological mark of $1000 per ounce in the futures market yesterday. Profit taking subsequently saw it sell off slightly. Gold was up $13.10 to $992.30 per ounce in trading in New York yesterday and silver was up 39 cents to $20.34 per ounce. In Asian and early European trading gold consolidated and remained in a range between $993 and $1000. The London AM Gold Fix at 1030 GMT this morning was at $997.00, £491.617 and €641.158 (from $975.75, £483.26 and €630.90 yesterday).Read full article... Read full article...
Friday, March 14, 2008
Silver Bull Market Moving In Parabolic Arc / Commodities / Gold & Silver
By: Clive_Maund
About a week ago in the last Silver Market update we called a SHORT-TERM top in gold and silver, and we got one. As you may recall the timeframe for the reaction was until about the 17th. Although we have seen a reaction it has thus far been modest, and now, after the extraordinary action and events of the past couple of days, it MAY be over. In any event, with the time window for the reaction soon to close, and downside now considered to be limited, the risk is thought to be that of missing out on the next upleg, which promises to be even bigger than the last one. Read full article... Read full article...
Thursday, March 13, 2008
Gold Uptrend Accelerating into Spectacular Vertical Asset! / Commodities / Gold & Silver
By: Clive_Maund
About a week ago we called a short-term top in gold and silver, and although we got one, the subsequent reaction has turned out to be very muted. Meanwhile, oil has powered relentlessly higher and the dollar has continued to crumble as the Fed's increasingly desperate and frequent measures to arrest or at least postpone the gathering financial maelstrom are seen to be impotent. Read full article... Read full article...
Thursday, March 13, 2008
Dow Jones Lags Gold Returns by 200% - Open Your Eyes! / Commodities / Gold & Silver
By: Investmentscore.com
Are you a commodities investor with friends that think you are "crazy" for investing in precious metals? Do these same friends advise you to indefinitely "buy and hold" a large amount of "well diversified" mutual funds for the "long term"? We are continually amazed at how few investors seem to open their eyes to changes all around them, including what is really happening in the financial markets. The following chart illustrates what would have happened to the Dow Jones Industrial average if it had increased in value at the same percentage rate as gold has since the year 2000.
Read full article... Read full article...
Thursday, March 13, 2008
Gold Hits $1000 as US Dollar and Stocks Sink, Crude Oil Hits $110 / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES Hit $1,000 per ounce in London on Thursday as the US Dollar sank to new record lows, oil traded further above $110 per barrel, and world stock markets sank."Concerns in the credit market, persistent Dollar weakness, and gradual acceleration of inflationary pressures is providing a foundation of support for gold," says James Steel of HSBC.
Read full article... Read full article...
Wednesday, March 12, 2008
Gold Rules for a Decade / Commodities / Gold & Silver
By: David_Vaughn
Well, gold continues to hover around 1,000 an ounce. It won't be long before it crashes the 1,000 dollar level. Our world is in a bigger mess than most folks care to acknowledge.
Boris Sobolev – “Instead of trying to guess tops and bottoms, the best strategy is to continue to accumulate bullion as well as shares of junior producers, exploration and development companies on weakness. Gold price is going much higher in the coming years and the prices of undervalued junior stocks are going to explode as they become targets for acquisition. A few short years down the road, the trepidations experienced today by investors in small cap gold stocks will look quite silly.” Boris Sobolev, 3-6-2008
Read full article... Read full article...
Wednesday, March 12, 2008
Gold Rises as Central Bank "Crisis Action" Fails to Ease Money-Market Fears / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose out of a tight 1% range as the US opening drew near on Wednesday, while global stock markets continued to bounce after four months of losses in response to yesterday's historic "crisis action" from seven of the world's biggest central banks.Short-term Dollar lending pressures eased in London , but the cost of borrowing Euros continued to rise. The US currency fell towards a new record low vs. the Euro at $1.5490.
Read full article... Read full article...
Wednesday, March 12, 2008
Gold Up as the $500 Trillion Derivatives Time Bomb Keeps Ticking / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $4.10 to $974.30 per ounce in trading in New York yesterday silver was down 3 cents to $19.64 per ounce. In Asian and early European trading gold has traded sideways to slightly up. The London AM Gold Fix at 1030 GMT this morning was at $975.75, £483.26 and €630.90 (from $980.50, £485.47 and €633.40 yesterday). Gold may continue to consolidate prior to the much anticipated rally to the $1,000 mark. But given the continuing weakness in the dollar (se FX below), record high oil prices and the continuing credit crisis, gold will likely continue to surprise to the upside. Read full article... Read full article...
Wednesday, March 12, 2008
Gold Parabolic Trend Targets $1500 as US Dollar Destined for Financial Oblivion / Commodities / Gold & Silver
By: Ned_W_Schmidt
When a ball is thrown into the air, the speed of that ball decelerates until gravity becomes the more powerful force. Balls, when thrown into the air, do not suddenly rise at a faster rate. Such is the way physics works, and the way markets work. Were this not true, the sky would be filled with balls and the NASDAQ would still be above 5000. $Gold, as wonderful as it is, is not immune to financial gravity.Read full article... Read full article...
Tuesday, March 11, 2008
Will Gold Catch-up with Crude Oil? / Commodities / Gold & Silver
By: Michael_J_Kosares
Oil and gold have had a long association in the minds and hearts of investors. Where one goes, the other seems to follow. So when OPEC made its announcement last week to maintain production at current levels, gold market participants might have taken it as a suggestion that gold would be basing at just under $1000 instead of forming a top. When comparing oil and gold on the inflation-adjusted charts, however, there appears to be more to the story than the possibility that we have reached an interim bottom. Read full article... Read full article...
Tuesday, March 11, 2008
Gold and Crude Jump as Investment Funds Pile into Commodities / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose 1.1% at the London opening on Tuesday, reaching a three-session high above $984 per ounce.
Crude oil surged to its fifth consecutive all-time record, while Tokyo stocks closed higher for only the second time this month. European shares jumped more than 2% by lunchtime in London after the European single currency came within shouting distance of $1.55.
Read full article... Read full article...
Tuesday, March 11, 2008
Gold and Dow Jones 40 Year Long-term Price charts / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $1.80 to $970.20 per ounce in trading in New York yesterday silver was down 44 cents to $19.28 per ounce. In Asian trading gold traded sideways but in early European trading gold and silver have again rallied strongly. The London AM Gold Fix at 1030 GMT this morning was at $980.50, £485.47 and €633.40 ($973.15, £481.52 and €633.03 yesterday). Read full article... Read full article...
Monday, March 10, 2008
Gold and Commodities Follow Stocks Lower on Vicious Cycle of Forced Selling / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back and then reversed early gains on Monday, losing $9 per ounce by lunchtime in London to trade at $964.50.Energy and soft commodity prices also slipped – taking WTI crude oil just below $104.50 per barrel – as short-term bond yields fell and Asian stock markets sank once again, led by a near-10% drop in Malaysia after the ruling coalition lost one-third of its seats in the weekend elections.
Read full article... Read full article...
Monday, March 10, 2008
Deepening Credit Crunch Supports Bullish Gold Trend / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $3 to $972.00 per ounce in trading in New York on Friday and silver was up 3 cents to $20.16 per ounce. In Asian trading gold rose to $980.22 but has sold off slightly in early European trading. The London AM Gold Fix at 1030 GMT this morning was at $973.15, £481.52 and €633.03.Read full article... Read full article...
Sunday, March 09, 2008
Gold Short-term Giving Worrying Technical Signals / Commodities / Gold & Silver
By: Merv_Burak
Despite some volatile daily moves, on a chart this past week it looked like a sideways trend, even possibly a topping action. Let's see.
GOLD : LONG TERM
Taking away most of the trend, support and resistance lines from the P&F chart and leaving only a few primary lines gives an interesting view of the bull market since 2001. With the present units and reversals used in the chart the original primary up trend line, if extended, shows the action of the past several months just hugging the line, slightly above at times and slightly below at other times.
Friday, March 07, 2008
What Will Take Gold Through the $1,000 Barrier? / Commodities / Gold & Silver
By: Julian_DW_Phillips
Gold and silver prices are making new ground every day and are consolidating, seemingly in preparation for an attack on $1,000. Thereafter, who will buy gold and pay over $1,000? It seems a daunting price for any new Investor or even one with a sizeable holding already.
A Psychological Barrier
Why is $1,000 such a barrier? The move to four figures implies it is in a new league, in top gear and can't hold that level. If one looks at the gold price in the € the picture changes. In those, now distant days, when the € was worth $1.25, the € price of gold battled heavily to get past €530; it now sits at €640. It seems that a 20% rise is not so outrageous as we thought. Look at gold in the Australian $ or the Japanese Yen. There hasn't been any where near such a rise as we have seen in the US$ price of gold?
Friday, March 07, 2008
Gold Resilient in the Face of Hedge Fund Panic Forced Selling of Assets / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD BULLION dipped once again early in London on Friday, after recovering yet another sharp fall sparked by a forced sale of stocks, bonds and mortgage-backed assets from heavily indebted fund managers.Read full article... Read full article...
Friday, March 07, 2008
Gold Technically Overbought But Supported by Strong Fundamentals / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down some 1.1% or $11.10 to $975.00 per ounce in trading in New York yesterday and silver was down some 2.3% or 49 cents to $20.13 per ounce. In Asian trading gold rose to $984.75 but has sold off slightly in early European trading. The London AM Gold Fix at 1030 GMT this morning was at $978.50, £486.14 and €635.18.Read full article... Read full article...
Thursday, March 06, 2008
Gold Touches $992 New High As the US Dollar Sinks / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL gold bullion moved in a tight 0.8% range early Thursday, re-touching yesterday's new all-time high above $992 per ounce as the US Dollar sank once again.As the opening drew near in New York – where a small bomb damaged an army recruitment center in Times Square overnight – crude oil jumped to a new record above $105 per barrel.
Read full article... Read full article...
Thursday, March 06, 2008
Gold Recovers Earlier Losses On Clear Signs of Inflationary Pressures / Commodities / Gold & Silver
By: Mike_Clark
Gold and silver recovered strongly from the previous days sell off and gold was up $21.70 to $987.50 per ounce in trading in New York yesterday and silver was up 88 cents to $20.64 per ounce. Gold and silver reached new nominal record and 27 year highs respectively at $992.10 and $21.17. In Asian and European trading, gold has consolidated near record highs and silver has been even stronger. The London AM Gold Fix at 1030 GMT this morning was at $986.25, £494.31 and €643.43.Read full article... Read full article...
Wednesday, March 05, 2008
Bernanke's Stagflationary Gold Show Must Go On? / Commodities / Gold & Silver
By: Brady_Willett
Ben Bernanke has attacked the threat of deflation with great zeal. We knew that he would. But what we don't know is how Mr. Bernanke will respond to today's stagflationary pressures, if at all, and/or whether or not the slumping dollar will eventually ignite a monetary policy response. Yes, Mr. Bernanke has assured policy makers and investors that fighting recession is higher on the Fed's check list than directly attacking inflation. However, if USD creation is the primary cause of the inflationary problem now rupturing through out the global economy Bernanke may have little choice but to eventually switch focus. Read full article... Read full article...
Wednesday, March 05, 2008
Gold Continues on its Exciting Climb Higher! / Commodities / Gold & Silver
By: David_Vaughn
Even the threatened IMF gold sells have failed to slow gold's momentum. Winter continues beating down on us providing colder and colder days here in the south. The mountains receive the snow but the Piedmont remains clear.
Well the last of the democratic nominations are winding up. How will gold be affected regardless of who enters the White House? Who ever enters the house on the hill will have no strategy except to continue the present course which is unabated money creation which in turn leads to greater inflation.
Read full article... Read full article...
Wednesday, March 05, 2008
Gold: Two All-Time Records with $30 Between / Commodities / Gold & Silver
By: Adrian_Ash
"...Miss your chance to buy gold at a $30 discount last night...?"
WELL THAT CAME and went pretty quick!
Gold Prices dumped almost $30 per ounce late Tuesday, only to pick them right back up again by Wednesday's close in London , before racing above $990 per ounce as New York wound down the day by itself.
Read full article... Read full article...
Wednesday, March 05, 2008
Gold in Tight Range Head of US Economic Data / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD held in a tight $6 range early in London on Wednesday, trading 0.8% above last night's three-session low as Asian stock markets closed lower for the fifth day running and US bond prices rose ahead of a raft of economic data.Read full article... Read full article...
Wednesday, March 05, 2008
Gold and Precious Metals Sell off on Profit Taking / Commodities / Gold & Silver
By: Mark_OByrne
Gold and silver gave up the previous day's gains with gold down $15.50 to $964 per ounce in trading in New York yesterday and silver down 32 cents to $19.74 per ounce. No follow through was seen in Asian trading but in European trading, gold and silver have continued to correct. The London AM Gold Fix at 1030 GMT this morning was at $966.25, £488.30 and €636.15.Read full article... Read full article...
Wednesday, March 05, 2008
Gold Bugs: Who's Crazy Now? / Commodities / Gold & Silver
By: Joe_Nicholson
March 2nd update for members - “Though it seems a stall in the rally may be ahead if the Fed continues to jawbone the issue of inflation, I am compelled to revise my charts in a decidedly bullish fashion.” ~Precious Points: The Bubble Inside the Bubble, February 23, 2008
There was a time, not all that long ago, when being a “gold bug” carried the stigma of being a bit on the fringe, when accumulating physical metal was deemed akin to building and stocking an underground bunker complete with canned beans and tinfoil hats.
Read full article... Read full article...
Tuesday, March 04, 2008
Gold Makes Near Term Peak / Commodities / Gold & Silver
By: Mike_Paulenoff
In our 10 am posting to subscribers yesterday we discussed the powerful up-gap opening in the streetTRACKS Gold Shares (NYSE: GLD) and the fact that the GLD had hurdled the resistance line of its multi-month bullish price channel. We wrote: "This is very interesting action in the GLD -- to see if the up-gap up here can be preserved…[and] to see if the GLD can hold above its upper channel line (96.67) because usually a thrust above the upper channel concludes the underlying upleg."Read full article... Read full article...
Tuesday, March 04, 2008
Gold Long-term Elliott Wave Count Analysis / Commodities / Gold & Silver
By: David_Petch
I have spent at least 15 hours trying to find symbols for gold on my data feed to no avail. I might have found one way to get it, but the cost for one single quote is not justifiable. As such, I subscribed to Stockcharts to obtain charts. They do not offer data far back enough to produce long-term charts, so what you see is what you get. Read full article... Read full article...
Tuesday, March 04, 2008
Gold Holding Pattern Below $1000 on Dollar Central Bank Support / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET recovered an overnight dip of 0.5% as the US open drew near on Tuesday, taking the price of physical Gold Bullion within $1.50 of Monday's new record high.Global stock markets meanwhile continued to drop, losing 2% in Hong Kong , as soft commodity prices dipped together with base metals.
Read full article... Read full article...
Tuesday, March 04, 2008
Gold Trending To Hit $1200 in 2008 / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $10.10 to $980.50 per ounce in trading in New York yesterday and silver was up another 33 cents to $20.06 per ounce (more on silver below). In Asian and early European trading, gold and silver have remained strong and near respective record and 27 year high levels at $988.25 and silver reached $20.70. Gold also strengthened in British pounds and in euros to new record highs. The London AM Fix at 1030 GMT this morning was at $981.75, £494.56 and €646.31.Read full article... Read full article...
Monday, March 03, 2008
Silver Short-term Extremely Overbought Situation / Commodities / Gold & Silver
By: Clive_Maund
Over the past week or so we have been seeing the acceleration by silver that we expected following its anticipated breakout against the Euro and the Swiss France. However, coming on top of strong gains since the low last December, this has resulted in an extremely overbought condition developing. Read full article... Read full article...
Monday, March 03, 2008
Gold Price Strong in All Currencies -Chocolate Bunnies & the Easter Heatwave / Commodities / Gold & Silver
By: Adrian_Ash
"...Those who oppose reform may get revolution..." - John F. Kennedy, speaking of Latin America in 1962
THE EURO HIT fresh all-time highs versus the Dollar already this month – and we're only one trading day in.
Read full article... Read full article...
Monday, March 03, 2008
Gold Surges Towards $1000 As World Stock Markets Plunge / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT PRICE OF GOLD leapt in Asian trade Monday, starting the week in London at new record highs against all major currencies except the Swiss Franc and Japanese Yen as global stock markets fell yet again. Briefly breaking above $985 for Dollar investors as European stock markets opened the day some 1.5% lower on average, physical Gold Bullion also touched £496.60 and €647.30 per ounce for British and European buyers.
Read full article... Read full article...
Monday, March 03, 2008
Gold Rises in All Currencies / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $4.60 to $970.40 per ounce in trading in New York on Friday and silver was up another 9 cents to $19.73 per ounce (more on silver below). In Asian and early European trading, gold and silver rose to new respective record and 27 year high levels at $984.80 and silver reached $20.17. The monthly close at $970.40 is a new record high monthly close and bullish from a technical perspective. As is silver's monthly close at 19.73.Gold also strengthened in British pounds and in euros to new record highs. The London AM Fix at 1030 GMT this morning was at $978.25, £492.70 and €644.94.
Read full article... Read full article...
Monday, March 03, 2008
IMF GOLD Sales Bonanza for Investors / Commodities / Gold & Silver
By: Darryl_R_Schoon
If history repeats itself, we will soon be recipients of the biggest windfall of the new millennia. Not since the Bank of England sold 400 tons of its gold in 1999 at the very bottom of the market have gold investors been presented with such good fortune. Ladies and gentlemen, get your pens and checkbooks ready.
Representatives of the world's industrialized nations, the G7, have recommended that the IMF sell 401 tons of its gold to help meet operating expenses. If the sale of IMF gold proceeds, gold investors should be prepared to buy as much as they can—and then some for this will one of the last opportunities to buy gold at current prices.
Read full article... Read full article...
Sunday, March 02, 2008
Gold Heading Towards Critically Overbought Territory / Commodities / Gold & Silver
By: Clive_Maund
With silver being in a critically overbought state and looking set to react very soon, we now have to “find reasons” for gold to react on its charts, since it is hardly likely that gold will continue higher while silver is reacting. Fortunately, if we look closely enough, it is not hard to find reasons for gold to react soon along with silver. Read full article... Read full article...
Sunday, March 02, 2008
Gold Thrust to Break the Magic $1000 Number Imminent / Commodities / Gold & Silver
By: Merv_Burak
You can't argue with success. The thrust by gold to get to that magic $1000 number looks within the grasp. Who knows? Another week or two just might do it.
GOLD : LONG TERM
Last week I showed the long term P&F chart. With this past week's action another two Xs could be plotted on the chart. This week I show the Very Long Term chart, or what I refer to as a very long term. It is my weekly chart with a simple 52 week moving average line and a 52 week RSI. It provides another simple view of the long term trend and position of the gold price.
Saturday, March 01, 2008
Gold and Silver Trend Recharged by US Dollar Weakness / Commodities / Gold & Silver
By: Jim_Willie_CB
One week ago, my forecast did not come to pass for a euro currency sell off, and for a pound sterling sell off. Even the Aussie Dollar forecast of a sell off failed. In fact, in a convincing fashion, all three forecasts were shattered. What happened? Wrong read of the price pattern with indicators? Not really. Wrong assessment of high priority signals? Surely, yes. By that is meant, during a strong GOLD TREND, and WEAK USDOLLAR TREND, cyclical indicators tend to carry less importance in predictive power. Read full article... Read full article...
Friday, February 29, 2008
Central Banks Gold Sales Reduced by 400 Tonnes? / Commodities / Gold & Silver
By: Julian_DW_Phillips
When it was learned that the Treasury was to support the sale of 400 tonnes of gold all were surprised. We realized that Congress would still have to be asked to approve the sale. When the mist cleared and we saw in sharp focus what lay ahead we realized that much more needed to be done before the sales became a reality. These are the steps still to be overcome for these sales to take place: Read full article... Read full article...
Friday, February 29, 2008
Gold New Record High As Dollar Collapses / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped back from an overnight record high above $975 per ounce in London on Friday, setting a new all-time high at the AM Fix as the global bid for physical assets contrasted with another down day for listed stocks. The Gold Price in Pounds Sterling also set a new record Fix at £488.87 per ounce, while the Euro gold price was capped at its fourth highest level.
Read full article... Read full article...
Friday, February 29, 2008
Gold Strong on Bernanke's Warning of Bank Failures / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $7.10 to $965.80 per ounce in trading in New York yesterday and silver surged another 44 cents to $19.64 per ounce (more on silver below). In Asian and early European trading, gold and silver rose to new respective record and 27 year high levels but have fallen from record highs of $975.75 and $19.92.Gold strengthened in British pounds and in euros to new record highs. The London AM Fix at 1030 GMT this morning was at $969.00, £488.88 and €637.58.
Read full article... Read full article...
Friday, February 29, 2008
What Do Precious Metal Investors to Do Now? / Commodities / Gold & Silver
By: Investmentscore.com
Consider the following hypothetical scenario and typical investor conundrum: The price of precious metals is grinding higher, catching the attention of new investors to the sector. The price of silver and gold are well above their 50 and 200 day moving averages and many of these new investors seek opinions on how to proceed. Notice that most commentators are bullish, and price movements do not appear to have reached extreme levels in comparison to past price movements. But now what do you do? If an investor buys in now they risk a drop in the currently advancing price but if they wait they risk missing out on the next let up. Read full article... Read full article...
Thursday, February 28, 2008
Gold Accelerating Towards Blow off Top / Commodities / Gold & Silver
By: Mike_Paulenoff
The streetTRACKS Gold Shares (NYSE: GLD) ETF has accelerated into my preferred target zone at 95.00-96.50 for the conclusion of the current upleg that started earlier this week after testing the 92.00 area twice. Right now, the pattern and momentum work point higher -- towards the top of the Jan-Feb channel near 96.50, and if this advance follows the usual rules that govern price behavior in channel analysis, then the GLD likely will pop through the upper channel line (above 96.50) in a blow-off type of completion of the current upleg. At this juncture, only a decline that breaks below 94.50 will begin to neutralize additional upside expectations. Read full article... Read full article...
Thursday, February 28, 2008
Gold: "Buy the Dips" Advised as Dollar Slides on Terrible US Economic Data / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF physical gold bullion spiked to $962.50 per ounce just ahead of the US open on Thursday, standing 1.5% higher for the week so far as European stock markets dropped another 1%.
Crude oil rose above $102 per barrel, while Wall Street futures slumped on the weakest GDP data since 2001. Initial US jobless claims for the week-ending last Friday came in 6.5% ahead of forecast.
Read full article... Read full article...
Thursday, February 28, 2008
Silver Now Outperforming Gold / Commodities / Gold & Silver
By: Roland_Watson
As readers may know, silver has put in a sterling performance this week and has outperformed gold into the bargain. The prediction that silver will eventually outperform gold as the precious metal bull market reaches a new zenith point is being fulfilled before our very eyes.
In my last article, I pointed out that the net short commercials may well begin to feel the heat and begin their third capitulation of this 5 year old silver bull market. Indeed, if they haven't began to cover at cents below $20 an ounce, the sense of urgency brought on by mounting financial losses must be as loud as a roaring silver bull bellowing right into their ear holes.
Read full article... Read full article...
Thursday, February 28, 2008
Gold Strong on Dollar Weakness Leading to Stagflationary Environment / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $12.50 to $958.70 per ounce in trading in New York yesterday and silver surged another 54 cents to $19.20 per ounce. In Asian and early European trading, gold and silver remain well bid and have consolidated near these new respective record and 27 year high levels.Gold strengthened in British pounds and fell slightly in euros. The London AM Fix at 1030 GMT this morning was at $957.00, £483.09 and €634.07.
Read full article... Read full article...
Wednesday, February 27, 2008
Did Your Analyst Keep You Invested In Gold? / Commodities / Gold & Silver
By: Peter_Degraaf
When prices rise exponentially, as they are doing now, the temptation is to take profits and wait for a pull-back. Especially when the analyst you happen to follow, tells you that gold and silver are ‘overbought'.
In November of 2007, while gold was trading at 804.00, I wrote an article titled: “Gold and Silver, prepare to back up the truck”. (Available in the archived section). At the time a lot of analysts were quoted as saying that gold was ‘overbought'.
Read full article... Read full article...
Wednesday, February 27, 2008
Demand Building for Gold and Silver as Currency of Legal Tender for Merchant Services / Commodities / Gold & Silver
By: Alex_Wallenwein
" Gold & Silver Accepted Here"- The fact that euros are accepted by many stores in New York City has made the news lately and is well known in gold investor circles. It is yet another symptom of the ongoing demise of the US dollar. The good news for these New York City merchants - and for all others nationwide - is that gold and silver will not be far behind and offer far better advantages as dollar-alternatives.
You may think that honest-to-goodness currency demand for gold and silver is non-existent in the US and that this will remain so until the legal tender laws are repealed (as currently proposed by Representative Ron Paul's dual HR 42756 and HR 4683 approach) - but that is not necessarily true. Such demand will soon begin to build, regardless of Ron Paul's efforts in Congress - and it will take off very fast.
Read full article... Read full article...
Wednesday, February 27, 2008
Gold and Silver Surge Higher on Bad US Economic Data / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $8.70 to $946.10 per ounce in trading in New York on Friday and silver surged 58 cents to $18.66 per ounce. Gold particularly continued to surge in Asian and early European trading. Gold also surged in British pounds and euro. The London AM Fix at 1030 GMT this morning was at $958.75 and gold fixed at new record highs in most major currencies - at£481.62 and €636.32.Read full article... Read full article...
Wednesday, February 27, 2008
New High for Gold on Euro Break Above $1.50 / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHSYICAL gold bullion leapt to new record highs above $964.50 per ounce early in London on Wednesday, gaining more than 3.9% from Tuesday's low as European stock markets slipped back and the US Dollar slid towards new all-time lows on the currency markets.Breaching $1.50 for the first time ever today, the European single currency has now gained 12.7% versus the Dollar since the US Federal Reserve began slashing its interest rates in Aug. 2007.
Read full article... Read full article...
Wednesday, February 27, 2008
Is the Gold Bull Market Unstoppable? / Commodities / Gold & Silver
By: Bob_Kirtley
As we watch the trading session winding down in New York we can see gold and silver have had a tremendous day, with gold starting out at $935/oz and progressing to touch $950 as we write. Read full article... Read full article...
Tuesday, February 26, 2008
Gold Bull Market Continues On A Roll! / Commodities / Gold & Silver
By: David_Vaughn
Gold continues to perform beyond all expectations. Many readers are angry because they believe gold is climbing too high too fast. Blame it ultimately on the US dollar. I believe Friday gold climbed as high as 950 before resting comfortably at 944 an ounce. What goes on here? Why does gold continue to climb like this? We are almost at 1,000 an ounce and gold shows no weakness.Read full article... Read full article...
Tuesday, February 26, 2008
Gold Bounces on US Wholesale Inflation Hitting 26 Year Highs / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES bounced from a four-session low at the London opening on Tuesday, recovering two-thirds of the week's 2.8% losses to date on news that producer-price inflation for US industry rose last month at a 26-year record clip. Wholesale prices increased 1% in Jan. said the Labor Dept. just ahead of the Wall Street open, twice the pace expected by private economists. Now running at 7.4% year-on-year, wholesale price inflation was last seen at these levels in the fall of 1981.
Read full article... Read full article...
Tuesday, February 26, 2008
IMF Proposed Gold Sale Looks Doubtful / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $7.30 to $937.40 per ounce in trading in New York on Friday but silver was up 10 cents to $18.08 per ounce. Gold continued to weaken in Asia but has strengthened somewhat in early European trading and is trading at $934.10 per ounce.Another mooted IMF gold proposal (more below) may have led some weak longs to liquidate positions yesterday. But after recent week's surge in gold and last week's sharp (4.5%) increase in the price of gold, the market was overbought in the short term and ripe for a correction. It was interesting that silver has remained strong despite gold's less than 1% sell off.
Read full article... Read full article...
Monday, February 25, 2008
How High Can Gold Go? / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $1 to $944.70 per ounce in trading in New York on Friday but silver was up 10 cents to $18.00 per ounce. Gold rose close to new nominal record highs in early European trading ($951.90) and silver rose to new 27 year highs ($18.15) . Last week gold was up by more than 4.5% (more than $40) as fears regarding burgeoning inflation and indeed stagflation began to permeate financial markets. Silver was even stronger and was up by 5% on the week. Read full article... Read full article...
Sunday, February 24, 2008
Monetary Inflation Feeding Precious Metals Bull Markets- The Bubble Inside the Bubble / Commodities / Gold & Silver
By: Joe_Nicholson
“Despite seasonality beginning to work against gold and silver, there is no bearishness or call to short here. Copper could be set to break out of a multi-year consolidation.” ~Precious Points: Bull Markets in Metals, February 16, 2008
It would be easy to give the most unabashedly bullish picture for metals week after week. The temptation to do so is very real given that I've been a believer in the metals story since before the subprime meltdown, before the faintest whisper of a possible crisis in exotic credit-based derivatives began appearing on the web (but nowhere in the mainstream commercial media). But this week, though it seems a stall in the rally may be ahead if the Fed continues to jawbone the issue of inflation, I am compelled to revise my charts in a decidedly bullish fashion.
Read full article... Read full article...
Sunday, February 24, 2008
Gold Push to New Highs Lacks Strength / Commodities / Gold & Silver
By: Merv_Burak
The price of gold continues into new highs BUT the strength of such recent move keeps getting weaker. Either the strength needs to improve soon or the weakness may dominate.
GOLD : LONG TERM
I thought it was time to check in again on the long term P&F Chart. Since we last looked in on it we have gone though a consolidation period and have broken into new highs. Most important, the action has now given us a higher value as a major support which, if breached, may give us a bear market reversal signal.
Saturday, February 23, 2008
Could Gold Mimic Platinum's Parabolic Move? / Commodities / Gold & Silver
By: Mike_Paulenoff
My technical work is telling me (and has been telling me) that gold prices (the GLD) is on borrowed time on the upside, and that they will implode IF in fact the global slowdown story has any merit. Then again, growing perceptions of stagflation could last a while longer, until the commodity sector rolls over amidst evidence of a global economic contraction.Read full article... Read full article...
Friday, February 22, 2008
Gold Mining Stocks Fail to Keep Pace With New Gold High / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held inside a $7 range in London early Friday, recording a new all-time high the AM Fix of $945.75 per ounce as Asian and European equities reversed this week's gains and the US Dollar fell to a 10-session low."It's been six months this week since the Fed started cutting interest rates – and gold has gone nuts," as BullionVault told Bloomberg earlier today.
Read full article... Read full article...
Friday, February 22, 2008
Stagflation Fears Drive Gold to New All Time Highs / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose $11.10 to $945.70 per ounce in trading in New York yesterday and silver was up 18 cents to $17.90 per ounce. Gold and silver have traded in a narrow range in Asian and early trading in Europe. Gold reached new record nominal highs at $952.75 and silver has surged over $18 per ounce to new 27 year highs at $18.06.Read full article... Read full article...
Thursday, February 21, 2008
Gold Breaks New Record - Public Waking Up! / Commodities / Gold & Silver
By: Brent_Harmes
Gold just broke to another all time high yesterday rising above $944 per ounce.Read full article... Read full article...
Thursday, February 21, 2008
Gold Surges to New Highs as Crude Oil Breaks Above $100 / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD BULLION gained almost 1% at the London opening on Thursday, taking the metal 3.6% higher from yesterday's low to a new record high above $948 per ounce."The second successive [ US crude oil] close above $100 a barrel and a higher-than-expected US inflation outcome were the triggers for a move to a new all-time high," believes John Reade at UBS.
Read full article... Read full article...
Thursday, February 21, 2008
Consumer Price Inflation (CPI) Jumps to 4.4%- Stagflation Bullish for Gold / Commodities / Gold & Silver
By: Mark_OByrne
Gold rose $7.80 to $9 34.6 0 per ounce in trading in New York yesterday and silver was up 22 cents to $17.72 per ounce. Gold and silver continued to rise in Asia and early trading in Europe and gold reached new record highs just below $950 at $949.60 per ounce and silver has surged over $18 per ounce.Gold also surged to new record highs in British pounds and in Euros. The London PM Fix at 1500 GMT yesterday afternoon was at $920. Gold fixed at new record highs at £474.37 and €627.90.
Read full article... Read full article...
Wednesday, February 20, 2008
Gold New High Vs British Pound as Money Supply Growths Triggering Inflation Concerns / Commodities / Gold & Silver
By: Adrian_Ash
GOLD FOR IMMEDIATE DELIVERY ticked 0.7% lower from last night's near-record highs early on Wednesday after recording its third highest London Fix ever.Pegged at $924.8 this morning as crude oil slipped back from $100 per barrel and world stock markets fell yet again, the Gold Price also recorded a new all-time London Fix for British investors at £475.57 per ounce.
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Wednesday, February 20, 2008
Commodities to Outperform Equities on Increasing Macroeconomic and Systemic Risk / Commodities / Gold & Silver
By: Mark_OByrne
Gold surged $23.55 to $926.80 per ounce in trading in New York yesterday and silver surged 50 cents to $17.50 per ounce. Gold and silver have traded sideways in Asia and early trading in Europe. Gold also surged to new record highs in British pounds and in euro. The London PM Fix at 1500 GMT yesterday afternoon was at $925. Gold fixed at new record highs at £473.68 and €626.91.
Read full article... Read full article...
Wednesday, February 20, 2008
Gold Price Trend Remains Firm / Commodities / Gold & Silver
By: David_Vaughn
Gold continues to pass every stress and strength test that is thrown before it.
Well, the central banks are spreading the word that they are going to sell some of their gold. Should we be quaking in our boots and losing sleep? The International Monetary Fund has announced it will sell a small percentage of their gold in the coming months.
Read full article... Read full article...
Wednesday, February 20, 2008
Platinum Price Goes Ballistic; Gold to Follow? / Commodities / Gold & Silver
By: Money_and_Markets
Natural resources markets exploded higher yesterday. Crude oil closed above the $100-a-barrel mark for the first time. And platinum's move was even more dramatic ... the price soared to a record high of $2,173!
Watching platinum has been like watching a missile take off. The metal's run-up has been nothing short of astonishing — 41% so far in 2008 and about 75% in the past 12 months!
Read full article... Read full article...
Wednesday, February 20, 2008
Silver Overall Trend Remains Bullish / Commodities / Gold & Silver
By: Roland_Watson
This is a copy of the last update on silver sent out to subscribers at the weekend. Explanatory notes are added in italics.
Here are the numbers for this week past:
London Silver Fix Price: $17.38 (+$0.43 on week)
NYMEX Spot Price: $17.06 (-$0.12)
US Dollar Index: 76.21 (-0.61)
Tuesday, February 19, 2008
How High Can Gold Go Before Peaking - Gold Dow Jones Ratio Important Indicator / Commodities / Gold & Silver
By: Dr_Krassimir_Petrov
How about $10,000? or $1,000? Or even $100,000? - Calls for the price of gold vary, anywhere from $1,000 to $10,000 or even to $100,000. There is one true fundamental problem with all calls for the price of gold – they all ignore the future inflation environment.
For example, if a genuine Great-Depression-like deflation grips the U.S. economy, then $1,500 for the top of the gold bull market might be too high. On the other hand, if a long 1970 stagflation is in the cards, then $5,000 is too low. The point is that a call for the price of gold without a clear assumption for the macroeconomic environment is a wild and misleading shot in the dark.
Read full article... Read full article...
Tuesday, February 19, 2008
Gold Surges as Banking Stocks Slide on Credit Market Disaster / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD jumped 1.9% early Tuesday to hit a one-week high of $918.90 per ounce as European equities reversed early losses after a sharp fall in banking stocks.Credit Suisse, the second largest banking group in Switzerland , sank nearly 10% at the Zurich opening after it trebled the size of write-downs on its debt investments.
Read full article... Read full article...
Tuesday, February 19, 2008
Burgeoning Inflation Very Positive for Gold and Commodities / Commodities / Gold & Silver
By: Mark_OByrne
Markets were closed in New York yesterday and the action centred on London where gold sold off initially and tested support at $900 prior to rallying strongly and this strength has continued in Asian trading with gold rising above $910 per ounce. Silver traded similarly, testing support just below $17 and then bouncing; in Asian trading silver has risen above $17.20 per ounce.Read full article... Read full article...
Monday, February 18, 2008
Gold Falls as European Stocks and Dollar Rally / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF SPOT GOLD for immediate delivery gave back an overnight rally of 0.5% early Monday to trade just above $901 per ounce by lunchtime in London .Wall Street stayed closed for the Presidents Day holiday, meantime, leaving European stocks to race higher while crude oil rose further above $96 per barrel.
Read full article... Read full article...
Monday, February 18, 2008
Gold Trades Sideways on Slowing Economic Growth / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $4.80 to $902.80 per ounce in trading in New York on Friday and silver was down 12 cents to $17.10 per ounce. Gold has traded sideways to slightly up in Asia and early trading in Europe.Gold rose in British pounds and fell in Euros. The London AM Fix at 1030 GMT this morning was at $905 (down from $909.75). Gold fixed at £464.03 (up from £463.97) and €618.51 (down from €619.76).
Read full article... Read full article...
Sunday, February 17, 2008
Gold Warning Potential Topping Pattern / Commodities / Gold & Silver
By: Merv_Burak
Is gold taking a rest and moving sideways or is it preparing for a significant move lower, or higher. Where's that coin? Time for the flipping. It will probably be as accurate as anyone.
GOLD : LONG TERM - Long term technical indicators and trend changes very slowly so over the past week there was little or no change to the charts or indicators. The long term P&F chart basically has not moved. It is, however, showing a topping pattern as the Xs have hit the $930 level two times now without a penetration.
Read full article... Read full article...
Friday, February 15, 2008
Gold Strong on Deepening Credit Crunch / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up 60 cents to $907.60 per ounce in trading in New York yesterday and silver was down 10 cents to $17.22 per ounce. Gold has traded sideways to slightly up in Asia and early trading in Europe.Gold rose in British pounds and fell in Euros. The London AM Fix at 1030 GMT this morning was at $909.75 (down from $910.85). Gold fixed at £463.97 (up from £462.31) and €619.76 (down from €623.19 ).
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Friday, February 15, 2008
Gold Weak on Spiraling South African Mining Costs / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES stayed in a tight $4 range ahead of the long President's Day weekend early on Friday, trading 1% beneath last week's finish as global stock markets held flat and bond yields ticked lower.
Crude oil moved to a five-week high above $96 per barrel on news that Chinese oil imports rose 1.8% in January.
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Thursday, February 14, 2008
Gold Dips on Strong Japanese Economic Growth / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD dipped from a two-day high early Thursday, recording an AM Fix in London of $910.85 – some $3 per ounce above the February average so far – as Asian stock markets closed sharply higher. Far Eastern equities leapt on news that Japan 's economy grew twice-as-fast as expected at the end of 2007, led by strong exports to other Asian economies.
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Thursday, February 14, 2008
Gold Forecast to Hit $1200 This Year on Stagflation Concerns / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $1.40 to $907.00 per ounce in trading in New York yesterday and silver was up 9 cents to $17.32 per ounce. Gold rallied late in Asian trade and in early trading in Europe, gold is trading at $908.95. Silver is trading at $17.26 per ounce. Gold also rose in British pounds and Euros. The London AM Fix at 1030 GMT this morning was at $910.85 (up from $905.75). Gold fixed at £462.31 (up from £461.46) and €623.19 (up from €621.40).
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Wednesday, February 13, 2008
Gold Rising As All Currencies Devalue In Stagflation Environment / Commodities / Gold & Silver
By: Jim_Willie_CB
A profound broad gold rally is underway. It is occurring in almost every single major currency. Unsure about Zimbabwe though. In the last article, two major forecasts were made, both hit squarely. The euro fell, heading toward the 143 stated target forecasted. Talk circulates about the Euro Central Bank eventually cutting interest rates. Pressure will grow enormously. The Germans are isolated in wanting a hard line against price inflation. A Latin Bloc has formed, urging a rate cut as the southern nations of France , Italy , Spain , Portugal , and Greece suffer from housing declines. Even Ireland has joined that bloc. A compromise will be worked out, more like a gang-up against the Germans.Read full article... Read full article...
Wednesday, February 13, 2008
Gold Turns Higher After Profit Taking Earlier in the Week / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES turned higher from this week's 3.3% drop to $897.25 per ounce early Wednesday as European equity markets slipped on news that Eurozone industrial output fell in December.With Treasury bond prices ticking higher – and London 's FTSE stock index losing 1% for the day – US crude oil futures pushed higher above $92 per barrel.
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Wednesday, February 13, 2008
Gold Weakens on Warren Buffett's Offer to Bail Out Monoline Insurers / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $14.20 to $908.40 per ounce in trading in New York yesterday and silver was down 20 cents to $17.23 per ounce. Gold traded sideways in Asia before falling late in Asian trade to below the psychologically important $900 level. It fell to a low of $896.55 before rallying in early trading in Europe and is trading at $902.95. Silver has also fallen and is down to $17.10 per ounce.Read full article... Read full article...
Wednesday, February 13, 2008
Gold Price Out of Synch With US Dollar Index, Expect Sharp Decline / Commodities / Gold & Silver
By: Ned_W_Schmidt
By the time you read this, more than enough words will have been expended on the possible sale of Gold by the IMF. Therefore, my comments on the matter will be brief. A group of economists at the IMF want to sell Gold to buy debt paper in order to earn interest income to pay the salaries of a bunch of economists asleep at their desks. Such is not the kind of thinking that makes market tops. Sounds more the thinking that went into the Bank of England sales in 1999. Read full article... Read full article...
Tuesday, February 12, 2008
Gold Fails at Retest of Highs Signals Trend to $850 / Commodities / Gold & Silver
By: Mike_Paulenoff
The streetTRACKS Gold Shares (NYSE: GLD) has rolled over in a serious way today after climbing for the past week towards a retest of the January high at 92.58. The fact that the rally stalled at 91.46 yesterday and has reversed to the downside with such power today suggests to me that it represents a secondary high within a larger developing intermediate-term top pattern that will have the power to press prices to the 85.00 area prior to completion.Read full article... Read full article...
Tuesday, February 12, 2008
Gold Potential for Massive Short Squeeze on Large Hedgers / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $4.60 to $923.60 per ounce in trading in New York on Friday and silver was up 33 cents to $17.49 per ounce. Gold traded sideways in Asia and early trading in Europe and is trading at $921.80. Silver has also fallen marginally and is down to $17.60 per ounce.Gold also rose in the other major currencies and rose to new near record highs in euros and sterling. The London AM Fix at 1030 GMT this morning was at $920.25 9 25.50 (up from $908.25). Gold fixed at £472.60 (down from £474.37) and €634.04 (down from €635.91).
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Tuesday, February 12, 2008
Gold Falters as Rumours Grow of a Major Bank Failure / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD BULLION continued to tick lower from yesterday's six-session high early Tuesday, slipping $5 from last night's New York close as rumors grew of a major banking loss in Europe and the US government prepared a new bail-out for struggling mortgage debtors.By the AM Fix in London , set at $920.25 per ounce, European stocks had pushed 0.6% higher despite a 5.3% drop in ING, the Netherlands ' largest bank, now said to be facing a severe loss on its US subprime investments.
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Tuesday, February 12, 2008
Gold is a Better Inflation Hedge Than Real Estate / Commodities / Gold & Silver
By: Dr_Krassimir_Petrov
The U.S. will likely spin into a long era of high inflation. The coming years will look like the 1970s. There is also a good risk of hyperinflation, which is a particularly severe bout of high inflation. Thus, the vital question for every investor is: How to hedge, or protect your wealth, against inflation? Some, especially realtors, urge to hedge this risk with real estate. So, should we really hedge with real estate?
Monday, February 11, 2008
Gold Rises as High Commodity Prices Are a Reflection of Monetary Inflation / Commodities / Gold & Silver
By: Adrian_Ash
GOLD FOR IMMEDIATE DELIVERY pushed higher in volatile trade early on Monday, gaining 0.7% from Friday's close to reach $927 per ounce in London as world stock markets dropped yet again.The broad FTSE index of Europe 's 300 largest companies slipped 0.5% for the day, while copper and most other base metals continued to gain as bad weather blocked Chinese output.
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Monday, February 11, 2008
Gold Remains the Preserve of the Smart Money / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $11.80 to $918.20 per ounce in trading in New York on Friday and silver was up 60 cents to $17.11 per ounce. Gold has continued to rally in Asia and early trading in Europe and is up to $924. Silver has also risen and is up to $17.30 per ounce.
Gold also rose in the other major currencies and rose to new near record highs in euros and sterling. The London AM Fix at 1030 GMT this morning was at $925.50 (up from $908.25). Gold fixed at £474.37 (up from £465.53) and €635.91 (up from €620.516).
Monday, February 11, 2008
Gold Expected to Retrace to $800 Area / Commodities / Gold & Silver
By: Joe_Nicholson
“ We've already seen the start of support above the 5-week moving average, about $900, and could see a healthy retracement next week that still won't preclude further declines if not making a significant new high. Silver has not invalidated a corrective count either. That wouldn't occur until nearly $17.50. The 5-day moving average … will be crucial early next week in determining support and resistance. A platinum group metals play based on shrinking supply could be a haven if the more monetary metals are due for a near term correction.” ~ Precious Points: New Month, New Direction? February 02, 2008Read full article... Read full article...
Sunday, February 10, 2008
Gold Bullish, But Gold Stocks Showing Bearish Divergence / Commodities / Gold & Silver
By: Merv_Burak
Up and down but in the end gold seems to be having trouble moving. Does it have anything to do with the recent strengthening in the U.S. Dollar Index?
GOLD : LONG TERM
From a long term perspective there is no real serious problem with gold. The indicators change very slowly so one does not expect sudden changes in the technical situation. Gold continues to trade well above its long term moving average line and the line continues to trend upwards. The long term momentum (price strength) indicator is also well inside its positive zone with no hint of a reversal in site. It recently moved into new highs confirming the strength of the recent gold price action. The volume indicator (an indication of speculative interest) continues above its long term trigger line and the trigger continues to point upward. The only cautionary signs are in the more aggressive time periods which will be reviewed below.
Friday, February 08, 2008
Gold Rises on "Perfect Storm" - Falling Interest Rates and Rising Inflation / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF GOLD jumped almost 1% at the London opening on Friday, building on solid overnight trade to reach a one-week high of $916 per ounce as Asian stock markets sold off yet again and European equities held flat.The Nikkei on Tokyo ended the week 3.6% lower, while crude oil rose almost $1 per barrel in London on new supply problems in both Nigeria and the North Sea .
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Friday, February 08, 2008
Gold Rises Against All Currencies and Looks Set to Challenge All Time Highs / Commodities / Gold & Silver
By: Mark_OByrne
Gold was up $5.90 to $906.40 per ounce in trading in New York yesterday and silver was up 23 cents to $16.74 per ounce. Gold continued to rally in Asia and surged in early trading in Europe and is up to $915 per ounce. Silver has also surged and is up to $17.02 per ounce.Read full article... Read full article...
Thursday, February 07, 2008
Silver Commercials Short Covering to Result Price Spike / Commodities / Gold & Silver
By: Roland_Watson
One major theme that unites a lot of silver investors is the matter of the major short sellers of silver. To be more precise, the well known fact is that the class of silver traders known as the commercials has been net short silver for literally decades. The chart below demonstrates this fact quite readily. The silver price is in green and the net commercial position in black (a negative number indicates a collective short position). Read full article... Read full article...
Thursday, February 07, 2008
Gold Weak Vs Strong Dollar - Bank of England Cuts Interest Rates Despite Inflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES for immediate delivery rose steadily in Asia on Thursday, gaining 2.6% from yesterday's low vs. the Dollar and hitting a one-week high of €623 per ounce for Eurozone investors as the European Central Bank met to decide interest rates.The Gold Market then dipped 0.6% when the ECB kept its rates on hold. The Bank of England in London chose to cut British interest rates by 25 basis points to 5.25%.
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Thursday, February 07, 2008
Gold Strong Despite US Dollar Strength / Commodities / Gold & Silver
By: Mark_OByrne
Gold's recent sell off ended yesterday and gold was up $13.90 to $900.50 per ounce in trading in New York yesterday and silver was up 20 cents to $16.51 per ounce. Gold has continued to rally in Asia and early trading in Europe and is up to $908. Silver has also risen and is up to $16.68 per ounce.Read full article... Read full article...
Wednesday, February 06, 2008
Gold Rallies Back Above $900 on Favorable Macro Economic Outlook / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE of SPOT GOLD rose in London early on Wednesday, avoiding the harsh sell-off seen on Monday and Tuesday to bounce more than 1.2% from the overnight low of $886.50 as Asian stock markets sank for the third session running.
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Wednesday, February 06, 2008
Gold Strong Demand from India, China and Middle East / Commodities / Gold & Silver
By: Mark_OByrne
Gold's recent sell off continued and gold was down $18.30 to $886.60 per ounce in trading in New York yesterday and silver was down 42 cents to $16.31 per ounce. Gold traded sideways to slightly up in Asia and early trading in Europe and is up to $890. Silver has also fallen and is down to $16.56 per ounce.Read full article... Read full article...
Wednesday, February 06, 2008
Gold Price About to Pull Back / Commodities / Gold & Silver
By: Brian_Bloom
The charts are not telling a particularly happy story at present.
The attached chart (decisionpoint.com ) tells me that $XAU may start to rise sharply relative to gold. More likely, because the shares have been underperforming, the gold price is likely to pull back sharply relative to shares. The shares may have been right all along.
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Tuesday, February 05, 2008
Gold Heading for Support $850 to $860 for Good Buying Opportunity / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $4 to $903.90 per ounce in trading in New York yesterday and silver was down 6 cents to $16.73 per ounce. Gold traded sideways in Asia but has sold off in late Asian and early trading in Europe and is down to $890. Silver has also fallen and is down to $16.56 per ounce.
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Tuesday, February 05, 2008
Gold Plunges below $900 On US Dollar Rally / Commodities / Gold & Silver
By: Adrian_Ash
THE PRICE OF PHYSICAL GOLD for immediate delivery sank at the start of London trade for the second day running on Tuesday, losing $14 per ounce to bounce off a two-week low of $888 as the US Dollar and Japanese Yen rose sharply on the currency market and world equities continued to tick lower from Monday's 1% drop on the S&P.Read full article... Read full article...
Monday, February 04, 2008
Precious Metals Investors Sit Tight - The Dow / Gold Ratio Story / Commodities / Gold & Silver
By: Captain_Hook
Don't say you were not warned. Warned about what? The coming depression in the global economy perhaps? No – that's not what I am referring to; however, this should be a very big concern to all never the less. Could it be an impending derivatives debacle emanating in the States due to an unexpected bond market implosion brought about by investor concern? No – that's not it either; but again, this is an item everybody should be concerned about considering implications for housing, credit markets, and the economy at large in turn. And certainly these are all legitimate and significant concerns worthy of warning.Read full article... Read full article...
Monday, February 04, 2008
Gold is the Ultimate Safehaven as Mega Shift to Hard Assets Continues / Commodities / Gold & Silver
By: Aden_Forecast
Gold Record Highs Keep Coming!Gold surged above $850 to new record highs as the new year began. This is exciting but gold could become even more exciting now that it's in uncharted territory.
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Monday, February 04, 2008
Gold Healthy Correction After January Gains / Commodities / Gold & Silver
By: Mark_OByrne
Gold was down $15.30 (or 1.7%) to $907.90 per ounce in trading in New York on Friday and silver was down 8 cents to $16.79 per ounce. Gold traded flat to slightly up in Asia and has sold off in early trading in Europe and is down 0.77% to $902. Silver has also fallen and is down to $16.70 (-0.7%) per ounce.Read full article... Read full article...
Monday, February 04, 2008
Gold Falls Below $900 as Global Stock Market Bounce Continues / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES sank at the start of London trade on Monday, adding to Friday's sharp losses and dropping $12 per ounce from an overnight rally in Asia to fall below $900 for the first time in seven sessions.As the wave of sell orders pushed physical Gold Bullion as low as $897.20 before a rebound to $903, world stock markets continued Friday's rally, pushing Europe's 300 largest blue-chips some 0.9% higher by lunchtime in Frankfurt.
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Sunday, February 03, 2008
Gold Short-term Weakness, Long-term Bullish / Commodities / Gold & Silver
By: Merv_Burak
A generally okay week BUT with a weak momentum and a collapse on Friday. Let's see if it is of any REAL significance.
GOLD : LONG TERM
The long term P&F chart made a new high X during the week and continues in a bullish trend. There is yet no hint of trouble from the P&F chart but it would not show it for some time. We go to the normal indicators to see if there is any hint of a problem.
Sunday, February 03, 2008
Silver Set for Major Advance towards $30 Within Next Two Months / Commodities / Gold & Silver
By: Roland_Watson
Silver continues to advance this week into the $17 territory and onto a level somewhere we believe in the $20 to $30 range. That difference between $20 and $30 is a lot to investors who are especially leveraged to silver through stocks, options and futures but also to those who hold large quantities of silver be it in ETFs, pool accounts or in other secure deposits.
At this point let me give a brief update on how one of our indicators is getting on. I call it the RMAR or "Relative Moving Average Refined". This technical analysis indicator is a sell signal generator working in the multi year range. Typically a sell signal is flagged every few years depending on whether gold and silver is in a major bear or bull market.
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Saturday, February 02, 2008
Gold: New Month, New Direction? / Commodities / Gold & Silver
By: Joe_Nicholson
“Though gold moved to record highs again this week, that doesn't rule out the possibility of a corrective phase having begun earlier this month. A simple three-wave correction could climb as high as $940-950 before being invalidated. Any failure of a pre- or post-Fed rally in this area would suggest a five-wave decline to about $800-830. The Fed… has lost the appetite for disappointing the markets. Though the rate-cut should suggest further upside in metals, this is the context in which readers should… act. Though silver could reach $17.40-17.50 before invalidating a return below $10, support between $12-$15 , especially in the strong band in the $13.75-14.25 area, tends to support further upside.” ~ Precious Points: Can't Keep a Good Metal Down, January 26, 2008
Saturday, February 02, 2008
"Wisdom of Crowds" Helps Explain Gold's Price Climb / Commodities / Gold & Silver
By: Frank_Holmes
All around the world, investors believe in gold.
If you ask them why, you will get a number of explanations and a level of conviction that has endured despite opinions of many “experts” that gold was overpriced at $500, then at $600, and so on until it reached and passed $900.
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Saturday, February 02, 2008
Gold Investments Weekly Update - Strong Support Suggests Shallow Correction / Commodities / Gold & Silver
By: Mark_OByrne
Gold was due a much needed breather and a correction after the 10% increase in value in January. Considering the speed of gold's move up in recent weeks it is surprising that gold has only sold off by a small margin today ( by less than 2%). Compared to the sell off in equities in recent weeks gold's sell off has been orderly and less sharp.Read full article... Read full article...
Friday, February 01, 2008
Gold Takes a Hit - Early Phase of a Significant Downtrend / Commodities / Gold & Silver
By: Mike_Paulenoff
The gold market is taking a big hit today, despite the weaker economic data that initially triggered a decline in the dollar closer to 1.5000 versus the Euro... Very interesting action, indeed, and not particularly gold-friendly, I might add. Let's take a look at the GDX (Market Vectors Gold Mining ETF)... Read full article... Read full article...
Friday, February 01, 2008
Gold Monthly Close Above $900 Could Signal Profit Taking Ahead of $1000 / Commodities / Gold & Silver
By: Gold_Investments
Gold was up $2 to $923.20 per ounce in trading in New York yesterday and silver was up 17 cents to $16.87 per ounce. Gold traded flat to slightly up in Asia and then surged in early trading in Europe (from a low of $924 to $936.70) Silver surged to new highs at $17.28.Read full article... Read full article...
Thursday, January 31, 2008
Gold $1000 by June 2008 As Fiat Currencies Race to the Bottom / Commodities / Gold & Silver
By: Jim_Willie_CB
Quick Note: My math was done last week on a dirty napkin. The ‘AAA' index on credit default swaps for mortgage bonds perhaps is not indicative of prime mortgages, my error in pasted title for the graphic. Mea culpa! The index contains a mix of subprime slime slices in tranches, for some odd reason. Also, those high quality indexes are actually time stamped, with the most recent being the hardest hit. They contain the immediate decline in recent housing prices, the most recent defaults, without benefit of some home collateral appreciation. My attitude is firm though, that the swap contracts of age one year will lose a similar amount, like 30%. Give them time. Ditto for the swap indexes of age two years. The recent mortgage indexes are excellent forward indicators for the older ones. Read full article... Read full article...
Thursday, January 31, 2008
Gold Heads for Monthly Close above $900 as US Economy Heads for Stagflation / Commodities / Gold & Silver
By: Gold_Investments
Prior to the Federal Reserve's 50 basis point interest cut to 3%, gold was down $3.60 to $921.20 per ounce in trading in New York yesterday and silver was down 4 cents to $16.74 per ounce. Gold surged (from $920 to $934.25) to new record highs after the interest rate decision at 2:30 p.m (1930 GMT) in after-hours trading on the Comex division of the New York Mercantile Exchange (NYMEX). Silver surged to new highs at $16.87.Read full article... Read full article...
Thursday, January 31, 2008
Gold Buying Strong as Stock Markets Lower on Recession and Inflation Concerns / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES for immediate delivery of physical metal moved sideways early Thursday, holding between $920 and $927 per ounce as global stock markets fell despite yesterday's fresh injection of cheap money from the US Federal Reserve.Read full article... Read full article...
Thursday, January 31, 2008
China Earn's Interest by Shorting Silver / Commodities / Gold & Silver
By: Professor_Emeritus
Even the most rabid silver bugs admit the possibility that the Chinese are the Big Silver Shorts. This suggests that the Big Gold Shorts are also governments. Neither are naked by any stretch of the imagination. The double whammy of gold and silver accumulation by unnamed governments is the big puzzle of the present financial crisis in the world as it holds the key to the resolution.
For a better understanding of the Chinese silver picture you have to know a little background of the role of silver in China. The facts are as follows. China has been on a silver standard since time immemorial. China stayed on the silver standard after other trading nations of the world demonetized silver and embraced the gold standard at the end of the 19th century.
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Wednesday, January 30, 2008
Gold to Surge towards $1000 on Today's US Fed Interest Rate Cut / Commodities / Gold & Silver
By: Mike_Clark
Gold was down $2.60 to $924.80 per ounce in trading in New York yesterday and silver was up 6 cents to $16.74 per ounce. Both rose to new highs yesterday and have traded sideways to slightly down in Asian and European trading. A monthly close above $900, the first ever, would obviously be very bullish from a technical point of view.Read full article... Read full article...
Wednesday, January 30, 2008
Gold Drifts Ahead of US Fed Interest Rate Cut / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES sat tight in a $6 range early Wednesday, bouncing 1.3% below yesterday's new record high before recording an AM Fix in London of $923.75 per ounce as the world's stock markets ticked lower in quiet trade."All eyes today are on the upcoming US rate decision," says Brandon Lloyd for Mitsui in Sydney , "widely expected to lower rates again to support the aggressive 75-basis point emergency cut last week.
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Tuesday, January 29, 2008
Gold Parabolic Rally on Monthly Chart Flashes Warning to Gold Bulls! / Commodities / Gold & Silver
By: Ned_W_Schmidt
Pleased to announce that votes are in. Ineptness Award for first century of Federal Reserve's existence goes to Bailout Bernanke and his Buckaroos. Last week's interest rate cut cinched it for them. Did the FOMC cut U.S. interest rates because of falling global financial markets or was it pure politics? Reports suggest that FOMC was not even aware of Societe Generale's selling of portfolio problems. Read full article... Read full article...
Tuesday, January 29, 2008
The Time For Gold Is Now! / Commodities / Gold & Silver
By: David_Vaughn
How about that gold price?
Right now it seems to be sticking around the 900 range. I wonder what's happening? Could there be “turmoil” in the financial markets? Let's see what the press has to say about present market conditions. Just what is happening in the financial realm around us?
Read full article... Read full article...
Tuesday, January 29, 2008
Gold Hits New All Time High as Stock Markets Continue Bounce / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES shot higher yet again in London early Tuesday, hitting a new all-time high of $933 per ounce as global stock markets continued to bounce from last week's sell-off, albeit in thin trade."It's a big week on the calendar," notes Nick Hodson at Lloyds TSB Private Banking in London. "There is not going to be a great deal of volume in equities ahead of the Fed's interest-rate decision tomorrow."
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Tuesday, January 29, 2008
Gold Surges on Prospects of US Interest Rate Cut / Commodities / Gold & Silver
By: Gold_Investments
Gold was up $16.40 to $926.90 per ounce in trading in New York on Friday and silver was up 27 cents to $16.68 per ounce. Both rose to new highs in the early hours of Asian trading overnight and gold surged to new highs at $932.95 in early European trading.Read full article... Read full article...
Tuesday, January 29, 2008
GATA Gold Rally Targets $1000 / Commodities / Gold & Silver
By: Peter_Degraaf
For the next few weeks or months, analysts will likely refer to the latest rise in the gold price, which started today, as the GATA RALLY.
As some of you know, this Thursday, the Wall Street Journal will carry a full-page advertisement paid for by GATA. The headline of the article will read: “Anybody seen our gold?”
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Monday, January 28, 2008
Buy Gold on Correction Towards $850 / Commodities / Gold & Silver
By: Fat_Prophets
"..the most secure form of gold ownership is to actually take physical possession of the gold."
Unless you've decided not to read our reports after taking out a subscription, Members will be well aware of our constant recommendations to buy gold and or gold stocks. Buying gold stocks is relatively easy. Where there seems to be some confusion is in how to buy bullion.
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Monday, January 28, 2008
Silver Market Supplies in Surplus? / Commodities / Gold & Silver
By: Roland_Watson
I want to address a recent publication which has raised concerns amongst silver investors. It is The Silver Book for 2008 published by the VM Group.
The main item I want to address is the statement in that document that the silver market was in surplus in 2007 by 6,141 tonnes or over 197 million ounces. That is a lot of silver; in fact it constitutes about 18% of their estimated mine and scrap supply for 2007. Does this seem a lot of silver to you? It certainly did to me!
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Monday, January 28, 2008
Gold Boosted by South African Power Outages / Commodities / Gold & Silver
By: Gold_Investments
Gold was up $3.50 to $910.50 per ounce in trading in New York on Friday and silver was up 16 cents to $16.41 per ounce. Both surged again in the early hours of Asian trading overnight and gold rose as high as $921.35 and it remains near record highs in early European trading.Gold was up 3.4% last week and silver was up nearly 2% and both are up some 10% year to date. In normal market conditions, correction and consolidation would be expected and likely. However, these are not normal market conditions – and that is putting it mildly.
Read full article... Read full article...
Monday, January 28, 2008
Gold Weakens as Stock Markets Slump At Start of Week / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES moved sharply in a $10 range early Monday, hitting $921.50 overnight in Asia – more than 1% above Friday's close – before slipping back to record an AM Fix in London of $916.50 per ounce.Read full article... Read full article...
Sunday, January 27, 2008
Gold Technical's Suggest Downtrend is Looming / Commodities / Gold & Silver
By: Merv_Burak
Despite a 3.4% gain on the week one gets the impression that gold is ready to go lower. That's not what most analysts are saying. Who to trust? I always prefer the charts to tell me where gold is going not where it should go.
GOLD: LONG TERM
The long term continues in its bullish mode with some hints of weakness but no overriding concern. Gold continues to trade well above its long term moving average line and the line continues to slope upwards. The long term momentum indicator continues in its positive zone above its positive sloping trigger line but is showing some minor hint of weakness by not making a new high with the gold price. The volume indicator is also above its positive sloping trigger line but below its previous high and not confirming the gold move to new highs. The long term P&F chart continues to move higher with no hint of a reversal in the works. So, from the long term point of view the only rating that I can give this time period is a BULLISH rating.
Sunday, January 27, 2008
Gold - You Can't Keep a Good Metal Down / Commodities / Gold & Silver
By: Joe_Nicholson
“The first resistance level in gold [is] at about $890, while … support [is] at about $861. The wide latitude … represents a range for traders. With additional rate cuts almost undoubtedly on the way, it's reasonable to see a more triangular correction in gold, if not new highs before the end of the quarter. That said, it's important to understand that even a larger degree triangle, as opposed to a deeper selloff, could still see gold trading to the $775-780 area in relatively short order. Those who've ridden this high should appropriately see themselves closer to the end of this move than the beginning.” ~ Precious Points: Let Them Eat Cake! January 18, 2008Read full article... Read full article...
Saturday, January 26, 2008
Response to the Anti-Gold Gospel / Commodities / Gold & Silver
By: Professor_Emeritus
Anatole Kaletsky is the author of the most recent Anti-Gold Gospel ( www.gavekal.com , January 21, 2008.) He is an establishment journalist, Associate Editor (formerly Economics Editor) of The Times . He says that he instinctively dislikes gold because “historically gold has been a terrible investment and, even in the short term, gold has failed as a store of value”. I am satisfied to leave this statement to stand on its own, and wish Kaletsky good luck in seeking a better store of value in fiat currencies.
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Friday, January 25, 2008
$150 Billion Stimulus Package Positive for Gold / Commodities / Gold & Silver
By: Julian_DW_Phillips
Volatile was the word this week in equity and currency markets across the world. The average investor -- whether institutional or individual -- does not like to feel uncertain. So we protect ourselves from it the best we can. The results were that global markets acted on the worst-possible scenario. At the beginning of the week there was recession with the potential to get worse. Then came the 0.75% cut in Fed Fund rates. Together with talk around the $150 billion tax breaks from the White House, this was expected to send the global economy back on the growth track -- even though it would be at the expense of the USD. But hope wasn't enough. But markets are not falling and have recovered to a large extent, so far. But investors are still jaundiced by the realities of the moves.Read full article... Read full article...
Friday, January 25, 2008
Gold Outlook Strong As Global Credit Crisis Worsens / Commodities / Gold & Silver
By: Gold_Investments
Gold rallied $22.20 to $907 per ounce in trading in New York yesterday and silver surged 45 cents to $16.25 per ounce. Both rose again in late Asian trading overnight, and in early European trading gold has surged to new record highs at $923.60. Gold has now surged to new record highs in all major currencies.Read full article... Read full article...
Friday, January 25, 2008
Silver - Not too Late to Hedge Against Dollar Stock Market Investment Losses / Commodities / Gold & Silver
By: Roland_Watson
Like many silver and gold investors, my eyes were glued to the ticker tape this week wondering how silver and its derivative stocks would fare during this downturn in the global markets. To think that silver would be unaffected would be naïve but of course the question was in which way would it be affected? Would it go up, down or move in a channel? Read full article... Read full article...
Friday, January 25, 2008
Gold Surges to New All-time High as South Africa Suspends ALL Gold Mining / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES rose 1.3% overnight Friday, reaching new all-time highs above $923 per ounce as all gold-mining operations in South Africa – the world's No.2 gold producer – were shut down by a power shortage.State-owned energy firm Eskom today told mining giants AngloGold Ashanti , GoldFields and Harmony that it can not guarantee current power supplies to their mines.
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Thursday, January 24, 2008
Gold Bull Trap Rally / Commodities / Gold & Silver
By: Mike_Paulenoff
My near and intermediate-term work is warning me that 3 session climbs from $850 to $911 (so far) in spot gold will turn out to be a trap (bull trap) and part of a near-term topping process just above $900, prior to another bout of corrective weakness that presses prices into the $800-$770 area in the weeks ahead. The upleg pattern off of the August 2007 low at $641.00 to the January 14th high at $914.00 exhibits the look of completion. In addition, the heretofore reliable 15-18 week cycle (low to low) is now in its 8th week.Read full article... Read full article...
Thursday, January 24, 2008
Gold and Stock Markets Surge on Monolie Bond Insurers Rescue Plan / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET gained 0.8% to break above $900 per ounce in London on Thursday, while European stock markets posted their biggest one-day gains since the Tech Stock Crash bottomed in March 2003.
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Wednesday, January 23, 2008
Mining Stocks Dragged Down By Stock Market Panic / Commodities / Gold & Silver
By: Investmentscore.com
As investors, one of our main goals is to keep various market movements in perspective. The Canadian TSX stock exchange fell over 600 points, leaving many investors with a feeling of panic. As mining equities were dragged lower in the down draft of the TSX fall, many precious metals investors questioned their decision to invest in commodities and now wonder if the bull market is over.Read full article... Read full article...
Wednesday, January 23, 2008
Gold Rallies, European Equities Miss Out on the US Interest Rate Bounce / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held steady on Wednesday morning in London , recording an AM Fix just off the overnight low of $887.80 per ounce while European stock markets continued to fall despite yesterday's emergency rate cut by the US Federal Reserve.All 30 economists surveyed by Bloomberg News now expect the Bank of England to cut its key lending rate to 5.25% when it meets on Feb. 4th. "From a European perspective," agrees Amit Kara, an economist at UBS, "the Fed cut [also] adds to the risk of more and quicker rate cuts here.
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Monday, January 21, 2008
World Stock Markets Crash on Black Monday / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES dropped 1.6% to hit a two-week low early in London on Monday as global equity markets collapsed on what one Hong Kong stock broker called "another horrible day.""Today it's because of disappointment that the US stimulus package [announced Friday] is too little, too late," said Francis Lun at Fulbright Securities to the Associated Press overnight.
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Monday, January 21, 2008
Gold Still Bullish Despite Early Signs of a Trend Reversal / Commodities / Gold & Silver
By: Merv_Burak
Someone once said “ it was the best of times, it was the worst of times ” or something like that. I guess this past week can be classified as one of those “ worst of times ”, at least for precious metal stocks. About now you're probably wondering what's happening? Let's get right to it then.
GOLD : LONG TERM
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Monday, January 21, 2008
Precious Metals Consolidation on US 50 Basis Point Interest Rate Cut / Commodities / Gold & Silver
By: Joe_Nicholson
“Now that gold has hit $900, the question becomes whether this magnetic price that played on the yellow metal for weeks, calling it ever upward, will act like $100 has for oil, or will gold break through. Two factors that tend to indicate gold getting through that resistance level in a matter of weeks if not days, are the difference in the inflation adjusted highs for gold and oil, and the bullishness of the Fed's current rate cutting disposition. It's clear not only will the Fed cut by 50 basis points in January, it will justify … by a view of inflation that overlooks short term measures.” ~ Precious Points: Gold and Inflation , January 11, 2008
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Saturday, January 19, 2008
Gold - No Imminent Blow-off Phase / Commodities / Gold & Silver
By: Professor_Emeritus
Now that the sound of cork-popping and other signs of celebrating the New Year, and the new record highs in the price of gold, are dying down, some questions arise the answering of which brooks no delay. How high is high? Is it the nominal price or the so-called ‘real' price of gold that gives us a valid reading of whence we came, where we are, and whither we go? Chrysophobes have already started their dissonant chorus reminding gold bugs that the last time gold was trading at these levels, in January, 1980, it was a sign marking the onset of a bear market taking the price down by more than 75 percent, lasting over twenty years. Goldbugs take comfort in the thought that the previous peak in the price of gold was much higher in “real terms”, so that the current price is not so high after all. However, this begs the question. The previous peak was the result of a blow-off, and further rise from here may make a new blow-off loom large on the horizon, with all the unpleasant consequences. Read full article... Read full article...
Friday, January 18, 2008
Silver Set to Outperform Gold - Real Silver Highs 2 / Commodities / Gold & Silver
By: Zeal_LLC
Gold is definitely not the only commodity enjoying a very happy new year. The strong global investment demand for precious metals has spilled over into silver as well. Just last week, silver soared above $16 for the first time since January 1981! Silver investors are naturally very excited about this dazzling 27-year high.
I am very thankful to be one of the early investors in this secular bull. Silver's bear-market bottom was carved in November 2001 just over $4. That very month I started formally recommending silver bullion as a long-term investment to our newsletter subscribers. Soon after in early 2002 I started investing and speculating in silver stocks. Over the years since, we've been blessed with many awesome realized and unrealized gains in this silver realm.
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Friday, January 18, 2008
Gold Correction Has Further Downside Potential / Commodities / Gold & Silver
By: Mike_Paulenoff
Once again the streetTRACKS Gold Shares (NYSE: GLD) has attempted an early session rally, but appears to have failed below key near-term resistance at 88.00 -- and has since reversed below 87.00 and now finds itself in an ominous near-term position. As for as my pattern and momentum work is concerned, the GLD still has unfinished business to the downside prior to the completion of the correction that started at the 1/15 high of 90.34. The optimal target zone for the current down-leg is below 85.50.Read full article... Read full article...
Friday, January 18, 2008
Gold Weak on US Stimulus Package / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES bounced but held inside the week's downtrend early in London on Friday, recording an AM Fix of $872.50 per ounce – the lowest fix in nine sessions."Overnight gold traded as low as $870," says today's Gold Market note from Mitsui, "as investors begin to liquidate positions.
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Friday, January 18, 2008
Indians Selling Gold To Buy Stocks / Commodities / Gold & Silver
By: Alex_Wallenwein
Mineweb.com reported today (January 16, 2008) that Indians are selling gold to buy their country's stocks, allegedly because gold is "so expensive" and, in their view, therefore has little upside. On the other hand, they think that Indian penny stocks allow them to make quick 100 percent profits in the span of only one or two months.
Indian investors are about to learn a lesson in bubble psychology.
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Thursday, January 17, 2008
Gold Targeting Decline Towards $850 / Commodities / Gold & Silver
By: Mike_Paulenoff
The streetTRACKS Gold ETF (AMEX: GLD) looked like it was going to rocket this morning in a flight to quality type of trade. However, a closer look at the near term chart structure argues just the opposite-- that the GLD is very tired, and is in the midst of an initial correction of its near-vertical advance off of the Dec. breakout point just above 78.00. See our chart at MPTrader.com "Markets" section.Read full article... Read full article...
Thursday, January 17, 2008
Indian Surge in Gold Demand due to the 'Wealth Effect' / Commodities / Gold & Silver
By: Gold_Investments
Gold continued to sell off yesterday and was down $19.70 to $880.90 per ounce at the close in New York yesterday and silver was down 42 cents to $15.78 per ounce. Normally sell offs are quite sharp and last some 2 to 4 days and therefore some follow through selling may be witnessed. However, the strong fundamentals should result in gold being well supported at previous resistance at $850.Read full article... Read full article...
Thursday, January 17, 2008
Gold Rallies on Record ETF Positions / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES for physical bullion ticked higher from their new one-week lows in early European trade on Thursday, moving 0.9% higher to $884 by midday in London .Government bonds were sold lower as world stock markets bounced for the first time in three days. But 10-year German bund yields remained near 4.0% – the seven-week low hit after European Central Bank member Yves Mersch pointed to "downside risks" to the region's economic growth late on Wednesday.
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Wednesday, January 16, 2008
Gold Tumbles - What's Changed? / Commodities / Gold & Silver
By: Adrian_Ash
"...The long-term trend for Gold Prices won't turn sharply lower until the price of money itself turns sharply higher..."
SO GOLD TOOK A TUMBLE already this week, losing more than $30 an ounce between Tuesday and Wednesday before bouncing...falling...and then bouncing and sliding once more into the London close.
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Wednesday, January 16, 2008
Silver Elliott Wave Puzzle Could Wipe Out Entire Bull Market Gain / Commodities / Gold & Silver
By: Roland_Watson
Well, it is not a puzzle really but in the search for a silver exit strategy we occasionally come across rocks in the road which make us wonder "Will this or that happen?"
I always say that fundamental and technical analysis are complementary and not opposing tools in the search for silver and gold profits. The fundamentals point you in the general long term direction but technical analysis helps negotiate the bends and dips on the road.
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Wednesday, January 16, 2008
Gold and Commodities Sell off on Reversal of Recent Trends / Commodities / Gold & Silver
By: Gold_Investments
Gold's expected correction materialised yesterday and gold was down $1.30 to $900.60 per ounce in trading in New York yesterday and silver was down 9 cents to $16.20 per ounce. Gold continued to sell off in Asian and European trading. The London AM Fix was at $881 (down from $904.75 the previous day). Gold also sold off in other major currencies. At the London AM Fix gold was trading at £450.20 (down from £460.76 yesterday) and €595.47 (down from €609.05 yesterday).Read full article... Read full article...
Wednesday, January 16, 2008
Gold Bounces as Equities Bull Market Sinks on Unwinding of the Carry Trade / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to plunge early in London on Wednesday, dropping 3.8% from Tuesday's high to bounce off $880 per ounce and recover $886 as the US open drew near.
"The latest data shows that net Comex gold [futures] positions and holdings in the physically-backed ETFs have reached to record levels," according to Suki Cooper at Barclays Capital.
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Wednesday, January 16, 2008
Gold Approaching Mania Stage / Commodities / Gold & Silver
By: David_Vaughn
Gold appears to be holding up well. Over 900 an ounce now but most investors are still asleep. What is a “mania?”
“ An abnormally elevated mood state characterized by such symptoms as inappropriate elation, increased irritability, severe insomnia, grandiose notions, increased speed and/or volume of speech, disconnected and racing thoughts, increased sexual desire…” “…inappropriate social behavior.” “Mania is the Greek word for madness.” MedicineNet.com
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Tuesday, January 15, 2008
Gold Euphoria Points to an Imminent Correction / Commodities / Gold & Silver
By: Ned_W_Schmidt
Gold's explosive start of year move has been enjoyed by all. Has it been over enjoyed? Fundamentals of the U.S. dollar did not suddenly get worse on the first day of the year.
Current euphoria in the Gold market may have been over done. One way of assessing that possibility is to compare the Gold price of the dollar to what is happening to the value of the dollar in other national monies. In the chart below, the red line is the Gold price of the U.S. dollar. It is how much Gold is required to purchase a single dollar, and is measured in ounces. The calculation is 1 divided by the dollar price of Gold. When that red line is falling, the dollar price of Gold is rising. When rising, dollar price of Gold is falling.
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Tuesday, January 15, 2008
Silver Breaking Out of its Massive Consolidation Pattern Dramatic Rally Expected / Commodities / Gold & Silver
By: Clive_Maund
Silver is at last breaking out of its massive 20-month consolidation pattern. It tried to do this last November, but the attempt was premature and it slumped back into pattern. Now it is expected to succeed and the advance should accelerate noticeably going forward. Read full article... Read full article...
Tuesday, January 15, 2008
Rumours of Fed Emergency Rate Cuts To Avert Serious Economic Downturn / Commodities / Gold & Silver
By: Gold_Investments
Gold's strong performance continued yesterday and gold was up $7 to $901.90 per ounce in trading in New York yesterday and silver was up 6 cents to $16.29 per ounce. Gold surged in Asian and European trading to new record highs at $914 per ounce before selling off in U.S. trading. Gold has traded in a range between $900 and $910 per ounce in Asia and early European trading. The London AM Fix yesterday was at a new record high of $911.50 (up from $887.85 the previous day). The London AM Fix was at $904.75. Gold's resilience and close above the psychological $900 price level is bullish. Gold consolidated near record highs in other major currencies. At the London AM Fix gold was trading at £460.76 (up from £464.32 yesterday) and €609.05 (up from €612.16 yesterday).
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Tuesday, January 15, 2008
Gold Over-extended But Extremely Strong Suggesting Mild Corrections / Commodities / Gold & Silver
By: Clive_Maund
This is not the time to get bogged down with minor details, and thus risk losing sight of the big picture, which is that gold is now in a powerful uptrend that has a lot further to run. For this reason we will only look at long-term 8-year charts in this update.
On the 'normal' 8-year chart in dollars, gold is clearly well on its way, and to some it may look overextended already, after its strong advance of recent weeks, but there are 2 important factors that we will consider that are not on this chart, which indicate that it is likely to ascend to much higher levels before this uptrend is over.
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Tuesday, January 15, 2008
Investing in Silver - the Bulky Precious Metal / Commodities / Gold & Silver
By: David_Morgan
Having survived another holiday season, and after putting away most of the holiday decorations, my mind wandered as to what would be a good article to start off the New Year. Certainly we could follow the general genre and produce a forecast for 2008 on the economy, metals prices, elections—however, it seems there is already enough of this out on the Internet already.
My musing took me back to challenge the general “non-thinking” consensus about the silver market and an opinion that I'm met with quite often. Without the myriad of twists on the basic question, let me make it a general statement.
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Tuesday, January 15, 2008
Gold $900 and 2008 Forecast / Commodities / Gold & Silver
By: Jordan_Roy_Byrne
Not even a month into 2008 and Gold is stealing all headlines again. The ancient metal of kings has hit an all time nominal high while many other markets have struggled since August. Can gold go higher from here? Is this a top? Below is a long-term weekly chart of the aforementioned metal.
The various black trendlines all have the same slope and therefore form important channels. Gold has just hit long-term channel resistance. The Bollinger band width is very high, also implying a top could be at hand. The arrows show trendline support. The current risk outweighs the reward.
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Monday, January 14, 2008
Investors Flock To Gold as Global Banking Crisis Worsens / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET surged into the London opening once again on Monday, starting the week at a new record high of $914 per ounce and hitting record highs against all other major currencies, too.Read full article... Read full article...
Monday, January 14, 2008
Gold Breaks Above Psychological Level of $900 - Short-term Correction Expected / Commodities / Gold & Silver
By: Gold_Investments
Gold's strong performance continued last week and gold was up $4 to $894.90 per ounce in trading in New York on Friday and silver was up 8 cents to $16.23 per ounce. Gold was thus up 3.5% for the week and silver surged 6% breaking long standing overhead resistance to reach new 27 year highs.Read full article... Read full article...
Monday, January 14, 2008
Is Copper Signaling Lower Gold Prices Ahead? / Commodities / Gold & Silver
By: Clif_Droke
Here's a question many investors have asked in recent weeks, especially given the current divergence between the gold and copper prices.
Copper has a history of providing leading signals for the price of gold. Most notably, the copper price double-bottomed between 1999-2001 and refused to make a lower low during a time when the price of gold make a 20-year low. This leading signal in copper preceded the major turnaround in the yellow metal price in 2002 and beyond.
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Sunday, January 13, 2008
Gold $900 - Fed Failing to Beat Inflation / Commodities / Gold & Silver
By: Joe_Nicholson
“Any perception of the Fed's stinginess might play into a consolidation period for metals and could also start a rally in the dollar that has so far not appeared at the top of the year as some expected. That we've seen any weakness in metals at all lately might simply be the technicals asserting themselves, flattening out the ascent a bit before another run. Consider that oil is trading at all-time inflation adjusted highs, whereas gold's inflation adjusted record is above $2000 per ounce! Breaking through and holding last week's highs will be the first objective of any bullish activity.” ~ Precious Points: Wave 1 Done? January 06, 2008 Read full article... Read full article...
Saturday, January 12, 2008
Gold Investments - Time to take Profits? / Commodities / Gold & Silver
By: Adrian_Ash
"...Go on - choose where you'll keep your profits. Then sell your gold if you dare..."
IMAGINE YOU'D been smart and put some cash into gold.
You didn't need to buy before the Gold Market took off. Buying gold at the start of last month will do fine.
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Friday, January 11, 2008
Gold at $890 on Merrill Lynch $15billion Mortgage Loss / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES for immediate delivery held 1% below their new overnight records in London early on Friday, flipping around $890 per ounce as the US open drew near.
"Yesterday the Gold Market looked bearish on the day [but] after the initial dip we had a rally of $30," says this morning's note from the metals dealers at Mitsui in Sydney .
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Thursday, January 10, 2008
Ranking of Silver Stocks In Order of Leverage / Commodities / Gold & Silver
By: Roland_Watson
Three months ago at the beginning of October The Silver Analyst had a look at 60 silver or silver related stocks and ranked them according to the most important feature investors want in a silver mining stock. That feature is leverage. If silver is powering ahead as we expect it to do increasingly in the months ahead then we want stocks which power ahead even more than silver.
To that end a table was produced which ranked each stock not just by absolute gain but by how much it was delivering leverage on the price of silver. That study was conducted for prices from the major intraday lows on August 16th 2007 to the intraday highs near to October 2nd 2007. I won't reproduce the whole table but will show you who the top ten performing stocks over that time period were.
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Thursday, January 10, 2008
Gold's Two Stage Mini Blowoff Rally / Commodities / Gold & Silver
By: Alex_Wallenwein
Gold's rocket-blast higher on Tuesday, January 8, occurred in two stages and demonstrated a most unusual pattern:
After a brief blip upwards right at the open in Sydney, gold commenced a steady, slow upward trend throughout most of the day. After Sydney closed, it dropped a wee bit and then began an asymptotic moon shot that was immediately capped upon the London open.
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Thursday, January 10, 2008
Gold BREAKS All Records! / Commodities / Gold & Silver
By: David_Vaughn
Wow! Can you believe what gold is doing? It literally has broken every established record climbing to where it has never been before. So far it has climbed as high as 870 before leveling back a bit. Just remember though. This is not about gold. This is actually about deteriorating world economic and political events.Read full article... Read full article...
Thursday, January 10, 2008
Gold Hits New US Dollar All-time High / Commodities / Gold & Silver
By: David_Shvartsman
Gold is making new all-time highs today, as the dollar price for spot gold rises above $890 an ounce .Strong fund buying since the start of the new year, momentum in the key Japanese gold futures price, and the launch of a new gold contract in Shanghai helped to fuel the rise, according to Reuters.
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Wednesday, January 09, 2008
Gold SMASHES Through 1980's All-Time High! Next Target $1,000! / Commodities / Gold & Silver
By: Money_and_Markets
Larry Edelson here with an urgent update on gold: Starting a few minutes before 8 a.m. Eastern Time today ...
• Gold smashed through its all-time record high of $877 per ounce ...
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Tuesday, January 08, 2008
Gold Trades at New All Time High / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES leapt at the London opening on Tuesday, shooting 1.5% higher against the US Dollar to hit all-time record highs above $876 per ounce.Australian investors saw Gold Prices break A$995, another new record high. In Canadian Dollars, gold hit C$876 per ounce, while the Gold Price in Euros jumped 1.3% to a new record of €595 – higher by nearly one-quarter from this time last year.
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Tuesday, January 08, 2008
Gold Demand Heightened by Iranian Action in the Strait of Hormuz / Commodities / Gold & Silver
By: Gold_Investments
Gold was down $3.70 to $859.30 per ounce in New York and silver was down 14 cents to $15.16 per ounce yesterday. But gold is up sharply in Asia and early European trading and the London AM Fix was at $873.25. While profit taking and consolidation were to be expected gold has continued to surprise to the upside and has reached new record highs. Gold's new historic record beat the previous all-time pinnacle of $868.89 set last Thursday amid unrest in Pakistan, a faltering dollar and as oil struck an historic peak above $100 a barrel.Read full article... Read full article...
Monday, January 07, 2008
Inflation, Deflation - A Mexican Standoff / Commodities / Gold & Silver
By: Captain_Hook
The inflation and deflation camps are now at completely opposite ends of the spectrum – each staring the other down in a Mexican Standoff of sorts. In this regard it's not uncommon to find articles telling us why inflation is the big concern right along side others that provide lucid arguments as to why 1929 is just around the corner. And as noted in our alert yesterday , not since the year 2000 have we witnessed such complacency in the trade considering what's happening out there, where if this keeps up at some point the equity complex will just snap-off one morning with big down days over seas leading the way. Of course on the flip-side of this, and as Dave pointed out the other day , history has proven that shorting technical set-ups like we have right now has proven expensive for the bears, and that most should abstain from shorting stocks. So, the 64 trillion dollar question arises, ‘who is right?'Read full article... Read full article...
Monday, January 07, 2008
Gold on Target to Achieve $1000 Early 2008 / Commodities / Gold & Silver
By: Mike_Clark
Gold was down $2.80 to $863 per ounce in New York on Friday and silver was down 5 cents to $15.30 per ounce. Gold is marginally down in Asia and Europe and the London AM Fix was at $857.50. Gold started the first week of the New Year very strongly and was up some 3% in last weeks' shortened first week of trading and thus some profit taking and consolidation were to be expected.Read full article... Read full article...
Monday, January 07, 2008
Asian Stock Markets and Crude Oil Dips as Gold Rallies / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET bounced from a 0.7% dip early Monday, reaching $861 per ounce by lunchtime in London as crude oil prices slipped on forecasts of warmer weather in Britain , Europe and the north-eastern United States .Read full article... Read full article...
Sunday, January 06, 2008
Gold Hits New All Time High? / Commodities / Gold & Silver
By: Merv_Burak
A good week. Was it a new all time high? And even if it was, so what? Some comments below.
NEW ALL TIME GOLD HIGH ??
There was some comment in the media about gold making a new all time high on Wednesday. Did it? And if it did, what does it mean?
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Sunday, January 06, 2008
Gold and Silver Corrective Wave Due / Commodities / Gold & Silver
By: Joe_Nicholson
From a technical standpoint, gold still has room to run, at least up to the November high and probably beyond. Whereas the technical picture in the white metal had been pointing lower, the recent performance in tandem with gold now supports a more optimistic outlook. Gold has a decidedly bullish look about it, but it will take clearing $855 before some will finally put to rest any lingering suspicions of a deeper correction. An impulse in gold beyond that level would probably be matched with silver moving through $15.50 if not $16. Gold can be expected to reach record highs, but the fate of the housing market, the economy at large, and other exogenous factors may still determine the extent of that move. If last week's signal was the triangle in gold, then this week's might be silver at $15. ~Precious Points: Super Breakout! December 29, 2007 Read full article... Read full article...
Friday, January 04, 2008
Gold Mega Move Underway, Stay With It! / Commodities / Gold & Silver
By: Aden_Forecast
As we enter 2008, gold is hitting a new record high. That's a great way to kick off the new year and it looks like there's a lot more to come. Why?
This commodity upmove is over six years old, yet it's still young and it'll likely last another decade before it's over. The falling dollar has certainly given the commodities a boost and there's really no reason why the dollar will strengthen next year, which is a positive sign for the commodities.
Read full article... Read full article...
Friday, January 04, 2008
Gold Strongly Bullish Outlook for 2008 / Commodities / Gold & Silver
By: Julian_DW_Phillips
Gold in 2008 will see a gear shift in its evolution to higher prices still.Although we do not have sufficient space here to cover the full picture of why, [this will be seen in the full issue of the newsletter by subscribers] we can give you one aspect of why. This feature will be one of "moves to extremes" in a variety of markets as "dramatically difficult days" will hit some markets and "couldn't be better days" hit others.
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Friday, January 04, 2008
Gold and Commodity Prices Surge on Eurzone Inflation Data / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES bounced on Friday from an early dip in London, recording an AM Fix of $858.75 per ounce – some 0.7% below Thursday's new all-time high – before touching $862 as the US open drew near.Read full article... Read full article...
Friday, January 04, 2008
Gold Hits a New All Time High on Investor Stagflation Fears / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to hit a series of all-time record highs on Thursday, touching $868 per ounce for the second time late in London trade after recovering from a 1.5% pullback on stronger-than-expected US jobs data.Read full article... Read full article...
Thursday, January 03, 2008
Gold New Year Breakout Signals Strong Gains for 2008 / Commodities / Gold & Silver
By: Clive_Maund
What a terrific start to the year for gold! When you see a breakout to new highs on the 1st trading day of the year like this for a commodity it normally signals further strong gains as the year continues.Read full article... Read full article...
Thursday, January 03, 2008
Gold Soars and Global Turmoil and Plans for China Gold Futures Exchange / Commodities / Gold & Silver
By: David_Vaughn
Well, according to gold bears gold was supposed to go down.Instead it is going up. Makes no sense, huh? I'm really not a nut to get hung up over the gold price. I merely see the price as a reaction to events happening around us.
Well, another decade is coming soon right around the corner. Seems like the last decade barely got started. Seems like yesterday was 2001 and an entire fresh ten years was before us. And the older we get time seems to go faster and even faster. I remember in 2001 making estimates of where the new decade would take us and where we would be when 2010 came. What has happened these past years?
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Thursday, January 03, 2008
Buy Gold Whilst Its Still Cheap - US Dollar Doomed / Commodities / Gold & Silver
By: Alex_Wallenwein
This is almost a “No Comment Necessary” article. Take a good look at this US Dollar Index chart and witness the ominous Head-and-Shoulders pattern beginning to show itself.
Ironically, the flattening red line of the 50 day moving average slices right through the “head” of the formation - precisely at the neck line. An ominous sign, indeed! Not so much from a technical standpoint, of course, but from a symbolic one.
Read full article... Read full article...
Thursday, January 03, 2008
Forecasts 2008: Sinking US Dollars, Gold Record Highs / Commodities / Gold & Silver
By: Adrian_Ash
"...Want a racing certainty for the coming year? Central banks everywhere will either cut or hold interest rates, making the currency markets a suck of ever-shrinking real worth..."
WHO CAN REALLY SAY what 2008 will bring?
Read full article... Read full article...
Wednesday, January 02, 2008
Gold New Year Rally, Experts Forecast New Record High for Gold in 2008 / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET for immediate delivery rose strongly in Asia early Wednesday, gaining more than 1% to recover Monday's two-month highs and recording an AM Fix of $840.75 per ounce as London re-opened for business after the New Year's holiday.
In Tokyo the Nikkei stock index dropped 1.6% on the first trading day of 2008, while Chinese stocks ended the session almost 1% lower.
Read full article... Read full article...
Wednesday, January 02, 2008
Gold Investments 2007 Review and 2008 Forecasts / Commodities / Gold & Silver
By: Gold_Investments
Gold Price Review Gold closed 2007 at $834.50 per ounce. Gold closed at a new monthly high close (and near record annual high and all time non inflation adjusted high) as investors again sought the safe haven appeal of gold. And with the dollar falling sharply again (last week recording its worst week against the euro in more than a year) – precious metals were well supported.
Gold had a weekly gain of 3.3%. The year-on-year gain was a very healthy 32%. Gold´s gain was the largest annual gain since 1979 (when its price doubled) and its seventh straight year of positive returns. Gold thus outperformed the majority of the world´s major stock markets once again.
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Tuesday, January 01, 2008
Gold Beats the Stock Market for 2007 - The Baby Boomers Effect / Commodities / Gold & Silver
By: Ned_W_Schmidt
GOLD WINS! PAPER EQUITIES LOSE! The headlines for investing in 2007, and the previous ten years, can now be written. Forget all the other drivel about what happened in the markets in 2007. Gold won! That's all you really need to know. Gold beat paper equities for the one year, for the five years, and for the past ten years. Absolutely no way purveyors of paper equities can paper over their miserable performance. Read full article... Read full article...
Sunday, December 30, 2007
Gold Strongly Bullish Going into 2008 / Commodities / Gold & Silver
By: Merv_Burak
Boy, you take a few days off and all hell breaks loose. Gold seems ready for new highs and the US $ for new lows. Let's take a quick look.
U.S. Dollar Index
No fundamental stuff here, just the facts. Let's take a little tour as to where the $ has been and see if there is any indication of it coming to a halt anytime soon.
Sunday, December 30, 2007
Gold and Silver Super Breakout into 2008! / Commodities / Gold & Silver
By: Joe_Nicholson
“The move from a triangle e should be a powerful thrust that breaks out of the triangle. Though Friday's action began strongly, it stalled in the afternoon leaving the wxy alternate still valid. We'll know very soon which count is invalidated … it will take an impulsive thrust above $823 next week in the front month futures contract to rule out the triangle fake out. Silver also had a strong week, moving back above $14, but failed to win back all of last week's losses. Friday's rally failed to take out the previous day's high and closed back below the 50-day sma.” ~ Precious Points: Bull Trap in Gold? December 22, 2007 Read full article... Read full article...
Thursday, December 27, 2007
Gold 2008 - Increasing Appeal as Inflation Hedge / Commodities / Gold & Silver
By: David_Vaughn
Gold continues to do best what gold does…keep people in suspense.
Up and down and even sideways it seems so goes the price. But it is really not the price that is important. It is the message it portrays that is the most important. Gold is a pillar in financial society. I thought I would include a graph the last trading day before Christmas. I am bringing it to attention because so many disappointingly try to predict the direction of the gold price.
Thursday, December 27, 2007
Gold Forecast 2008 / Commodities / Gold & Silver
By: Michael_J_Kosares
In a December 2004 interview with the Wall Street Journal, I predicted $525 for gold's high in 2005. It hit that $525 level the following December. For 2006, once again in a Wall Street Journal interview, I predicted a "breakout year" for gold with a top price of $760. Its actual breakout high came earlier in the year than I had anticipated (in May) and a bit lower than I had predicted -- in the $730 range (intraday Comex). In January, 2007, when gold was trading in the $625 range, in a forecast published in a NewsGroup Market Update through our USAGOLD website, I made $715 my minimum upside target and suggested that gold could hit the $800 level, or go as high as $875 if tensions escalated in the Persian Gulf; or if the quid pro quo with China broke down; or if the new Congress proved as anti-market as advertised; or if we got some surprises. Gold hit $840 in November and is trading at the $810 level as this is written. Read full article... Read full article...
Saturday, December 22, 2007
Gold and Silver Analysis - Bull Trap in Gold? / Commodities / Gold & Silver
By: Joe_Nicholson
“If the triangle is going to prove correct, the question becomes whether the e wave low is in place or is another small low to come. Either scenario would be bullish for gold as it would make imminent the start of a 5th wave move to new highs, which a move back above the 5-week sma at $800 would tend to confirm. An alternate that keeps the recent selling corrective … looks for a lower low in the $750-775 range. The question from a fundamental standpoint will be whether the forces causing this consolidation in metals will persist enough to take gold to it's lower target, or strengthen enough to take the bullish shine off silver and metals altogether.” ~Precious Points: More Tough Love from Bernanke and Co. December 15, 2007 Read full article... Read full article...
Saturday, December 22, 2007
Gold Gaps UP, Targeting Trend to $850 / Commodities / Gold & Silver
By: Mike_Paulenoff
The streetTracks GOLD ETF (NYSE: GLD) gapped up this morning and has pushed up through its Nov-Dec resistance line at 80.00, which if sustained should trigger upside acceleration from the bullish triangle pattern that has developed during the past 7 weeks, and which projects an optimal target zone of 85.00-86.00.Read full article... Read full article...
Friday, December 21, 2007
Gold Whats Driving it Higher? and Forecast for 2008 / Commodities / Gold & Silver
By: Julian_DW_Phillips
As we approach the end of 2007 and a time when gold looks poised to move through its record high, and a time when global financial volatility and uncertainty have never been higher, it is time to look at what's driving the gold market now and what lies ahead in 2008.Read full article... Read full article...
Friday, December 21, 2007
Gold Remains in Tight Trading Range over Christmas Holidays / Commodities / Gold & Silver
By: Gold_Investments
Gold was down $2.60 to $798.50 per ounce in New York yesterday but silver was up 14 cents to $14.21 per ounce. Gold traded sideways in Asia and ticked up in Europe and the London AM Fix was at $803 (up from $799.50). At the London AM Fix gold was trading at a new all time record in British pounds at £404.68 GBP (up from yesterday's London AM Fix at £401.62). Gold went up to €558.88 EUR (up from yesterday's London AM Fix at €557.30 ). Gold has again increased in sterling and in euros. Gold thus surpassed it's all time record high in british pounds with news of the horrendous current account deficit and deteriorating UK economy (see below). Gold will likely reach it's non inflation adjusted highs in euros and dollars early in the New Year.Read full article... Read full article...
Thursday, December 20, 2007
How to Make an Income from Gold Investments / Commodities / Gold & Silver
By: Adrian_Ash
"Christmas is coming, the champagne's getting flat; "Please put a penny in the old broker's hat..." – David Phillips, The Chart Prophet
ONE OF THE BIG stumbling blocks for investors thinking about gold is that it doesn't offer to pay any income.
That's why bone-headed gold schemes turn up like Simon Cowell at a botox clinic.
Read full article... Read full article...
Thursday, December 20, 2007
Gold in Tight Trading Range / Commodities / Gold & Silver
By: Gold_Investments
Gold was down $1.80 to $801.10 per ounce in New York yesterday and silver was up 4 cents to $14.07 per ounce. Gold traded sideways in Asia and Europe and the London AM Fix was at $799.50 (down from $801.50).
At the London AM Fix gold was trading at a new all time record in British pounds at £401.62 GBP (up from yesterday's London AM Fix at £399.35). Gold went up to €557.30 EUR (up from yesterday's London AM Fix at €556.83 ). Gold has again increased in sterling and in euros. Gold thus surpassed it's all time record high in british pounds at £400.47 and will likely do so in euros and dollars early in the New Year.
Read full article... Read full article...
Wednesday, December 19, 2007
2008 Gold and Gold stocks Fundamentals, Forecast and Technical Review / Commodities / Gold & Silver
By: John_Lee
The fundamentals for gold relates to the confidence level in paper currencies. When demand outstrips supply of dollars, the value of dollars goes up. The supply of dollars has been rising steadily at an average of 10% annually from less than $1 trillion in 1980 to over $12 trillion today. The fundamentals for gold thus have much to do with the lessening demand for dollars. When dollar denominated assets lose value, people ditch dollars. As we have meticulously documented since August (see here ), the subprime mess has been the dollar's worst disaster in the last three decades. The subprime meltdown is now causing supposedly high-quality government sponsored debts to be selling at 70 cents on the dollar (Mad Cow contagion as we call it).
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Wednesday, December 19, 2007
Wholesale Credit Creation Benefits Gold / Commodities / Gold & Silver
By: Gold_Investments
Gold was up $8.40 to $802.90 per ounce in New York yesterday and silver was up 22 cents to $14.03 per ounce. Gold traded sideways in Asia and Europe and the London AM Fix was at $801.50 (up from $796.25).
At the London AM Fix gold was trading at £399.352 GBP (marginally up from yesterday's London AM Fix at £395.67) and €556.83 EUR (up from yesterday's London AM Fix at €553.53 ). Gold has increased in sterling and in euros. The recent record highs for gold at the London AM Fix on the 7th of November were $841.75, £400.47 and €573.55. Gold is thus very close to surpassing it's all time record high in british pounds at £400.47.
Read full article... Read full article...
Wednesday, December 19, 2007
GOLD AND SILVER – Buy Signal Green Flags! / Commodities / Gold & Silver
By: Peter_Degraaf
“When people see gold and silver shining brightly amidst the battered economic ruins, they will finally realize that the gold bugs were right all along.”
Buy signals are popping up in many places as a result of today's positive action in the metal pits.
Read full article... Read full article...
Wednesday, December 19, 2007
Only Gold Bullion Can Beat the Credit Crunch / Commodities / Gold & Silver
By: Alex_Wallenwein
Of course - to any Wall Street power broker, economist, or US policy maker, this headline means the equivalent of “Only Space Aliens Can Halt Teenage Pregnancies”. In other words, it's a total non-sequitur to them.
So what? Who cares about Wall Street, economists, or politicians? Individual investors, business owners, workers, fathers, mothers, and college students, they are the ones who must survive if the United States is to survive the mounting credit collapse more or less intact. Why worry about those who caused the mess?
Tuesday, December 18, 2007
Gold Triangle Pattern Formation to Result in Explosive Breakout / Commodities / Gold & Silver
By: Dan_Stinson
The price action for Gold appears as a triangle pattern, indicating that an explosive breakout is imminent. This breakout could be to the upside or downside, but we are expecting it to break to the upside. We can let the price action within the triangle tell us which way its going to break.Read full article... Read full article...
Tuesday, December 18, 2007
Gold False Break Lower to Spook Traders Before Resumption of Bull Market / Commodities / Gold & Silver
By: Clive_Maund
We don't normally look at fundamentals in these Gold Market updates, but it is worth stopping for a moment to consider the implications of the latest stroke of genius announced last week by the Fed in its desperate attempts to prevent a credit crunch, as it has important implications for the price of gold.
Like a magician pulling a rabbit out of a hat, the Fed and foreign central banks announced that they will conjure up $50 billion to inject into the system, which they will generate by selling low interest rate loans for those who like throwing good money after bad, or have no choice but to.
Monday, December 17, 2007
Silver Hit by Dollar Strength - Further Near term Weakness Expected / Commodities / Gold & Silver
By: Clive_Maund
In the last Silver Market update on 2nd December it was stated that if dollar strength continued as expected, silver could drop below the support zone centered on $14 and head lower towards the next support level in the $13.25 - $13.50 area. Since that time it has held up above the $14 support zone, but it dropped quite sharply late last week on renewed dollar strength and at the time of writing on Sunday 16th it has just broken below this support. Read full article... Read full article...
Monday, December 17, 2007
Gold Strength Expected as Global Fiat Financial System Continues to Deteriorate / Commodities / Gold & Silver
By: Gold_Investments
Gold was down $5.50 to $793.10 per ounce in New York Friday and silver was down 28 cents to $13.81 per ounce. Gold opened strongly in Asia but has since sold off and the London AM Fix was at $787.00. At the London AM Fix gold was trading at £391.38 GBP (marginally down from Friday's London AM Fix at £392.18) and €549.08 EUR (up from Friday's London AM Fix at €547.18). Thus while gold has sold off in dollars, it has remained flat in sterling and actually increased in euros.Read full article... Read full article...
Sunday, December 16, 2007
Gold and Silver Stocks Looking Bearish - Traders Don't be Fooled by the End of Day Settlement Prices! / Commodities / Gold & Silver
By: Merv_Burak
Gold ended the week just about where it started but the “feel” of the activity had a decided negative emphasis. Will this week set the pace for the next few months?
Closing Price versus Settlement Price
I have mentioned in the past that I use gold futures to obtain my gold prices used for charts and analysis. I usually use the contract month with the largest trading volume and open interest. When it comes time to change contract months I may go through a little song and dance routine modifying the price to ease into the new price schedule of the new month. This week we had a vivid picture of another feature of futures prices most investors may not be fully aware of. There are really two different “closing” prices. One is referred to as a closing price by the commodities exchange and the other is referred to as a settlement price. I do not consider myself an expert in commodities and futures and have been curious about these two prices. What I found was quite interesting for a technician who likes to have ACTUAL trading prices to work with.
Sunday, December 16, 2007
Subprime Credit Crisis Far From Over - Precious Metals to Benefit During 2008 / Commodities / Gold & Silver
By: Joe_Nicholson
“I've been following a fourth wave triangle consolidation pattern in gold that, as the daily chart below reveals, is still valid. Taking out the 50-day moving average, currently about $784 in the futures, would be a warning sign and indicate a deeper correction to the $759-775 area. Silver also held up well … with the 200-day sma looking like strong support, an intermediate bullish outlook in silver is looking increasingly favorable even as a selloff to $13.50 continues to appear likely.The Fed will err on the side of caution on Tuesday, likely with a 25 bps cut and … the impetus for explosive new rallies in metals over the short term seems to be lacking unless crisis returns to the financial markets. This is certainly not entirely unlikely between now and next summer, so at least until then one new high in precious metals is likely.” ~ Precious Points: Consolidation in Gold and Silver, December 08, 2007
Read full article... Read full article...
Friday, December 14, 2007
Euro Gold Breakout Above Resistance Analysis / Commodities / Gold & Silver
By: Zeal_LLC
Despite Washington and the Fed working fast and furiously to destroy international confidence in the US dollar, it still remains the currency of choice for pricing many international markets. Among these is gold. Regardless of where this metal is mined, it is almost always priced and sold in US dollars.
If you are an American investor, this is great. We have always thought of gold as denominated in dollars and it is hard to imagine any other way of thinking about it. But if you live outside the States, the gold price is a lot more relevant as quoted in your own local currency. Your mind is wired to think in local-currency terms and various investment options are only comparable within this life-long mental framework.
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Friday, December 14, 2007
Gold Sell off Due to Dollar Strength on the Encouraging Retail Sales Data / Commodities / Gold & Silver
By: Gold_Investments
Gold was down $14.60 to $798.60 per ounce in New York yesterday and silver was down 55 cents to $14.09 per ounce. Subsequently gold rallied back up to $803 in Asian trading but it has since given up those gains and has gradually traded down in European markets and the London AM Fix was at $796.25. At the London AM Fix gold was trading at £392.18 GBP (down from yesterday's London AM Fix at £396.18) and €547.18 EUR (down from yesterday's London AM Fix at €550.60).Read full article... Read full article...
Friday, December 14, 2007
US Dollar Rallies and Gold Fall Ahead of US Inflation Data / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET slipped back early Friday from a 1% bounce overnight, dropping to a new six-session low beneath $792 per ounce as the US Dollar rallied towards the Wall Street open.
Asian stock markets ended the week lower, dropping more than 3% from last Friday in Tokyo . Europe 's major bourses reversed early gains to trade flat by lunchtime in London , while US crude oil ticked higher to $92.34 per barrel.
Read full article... Read full article...
Thursday, December 13, 2007
Gold Prices Plunging Despite Soaring Inflation (PPI) / Commodities / Gold & Silver
By: Mike_Paulenoff
How ironic that on a day that exposed outsized inflation data (PPI), gold prices are plunging...and so are the precious metal mining stocks. To put it simply and concisely, the three-month pattern carved out by the Market Vectors Gold Miners ETF (AMEX: GDX) has taken the form of a large top. The Fan Lines (light green on the chart) represent prior support lines that have been violated, after which the price structure rallies to test their extension prior to turning lower again.Read full article... Read full article...
Thursday, December 13, 2007
Central Banks Money Markets $110 Billion Injection Greeted with Skepticism / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was up $1.60 to $813.20 per ounce in New York yesterday and silver was down 3 cents to $14.64 per ounce. Gold rallied sharply on the news <1400 GMT> of the latest injection of $110 billion into the global money markets and rallied from $809 to $817 within an hour. Subsequently gold has gradually traded down in Asian and European markets and the London AM Fix was at $809. Gold has traded up in pounds sterling and euros and at the London AM Fix gold was trading at £396.18 GBP (up from yesterday's London AM Fix at £394.77) and €550.60 EUR (up from yesterday's London AM Fix at €549.21).
Read full article... Read full article...
Thursday, December 13, 2007
Stock Markets Slide Despite Central Banks $110 billion Action - Gold Safehaven / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES drifted lower from yesterday's two-week highs early Thursday, recording an AM Fix in London of $809 per ounce as global stock markets fell hard despite Wednesday's attempt by five of the world's biggest central banks to ease pressure in world money markets. London's FTSE100 index lost 1.3% at the opening while US government bonds reversed Wednesday's three-year record sell off, pushing the yield on two-year Treasuries 3 pips lower to 3.10%. Read full article... Read full article...
Thursday, December 13, 2007
Subprime Mortgage Bailout Plan's Silver Lining / Commodities / Gold & Silver
By: Money_and_Markets
Sean Brodrick writes:Last week, President Bush and Treasury Secretary Paulson rolled out their mortgage bailout plan. And most investors have heard enough to know they don't like it.
Just three of the reasons why ...
#1. Moral hazard is gone. This plan rewards speculation of the worst kind. Investors and homeowners alike have learned that the government will provide golden parachutes if they take the most reckless, irresponsible course imaginable.
Read full article... Read full article...
Wednesday, December 12, 2007
Gold Gains as World Stock Market Falls Following Fed Rate Cut / Commodities / Gold & Silver
By: Adrian_Ash
Gold Gains 1.7% from Post-Fed Slump as Oil, Base Metals & Grains Slip; "Double Whammy" Due in 2008 as World Stock Markets Fall
SPOT GOLD PRICES added to their post-Fed recovery early Wednesday, trading more than 1.7% above the overnight low – and well above Tuesday's start – at $810 per ounce as the US open drew near.
Read full article... Read full article...
Tuesday, December 11, 2007
Gold Safehaven as China Investors Go on Buying Spree / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was up $13.20 to $807.60 per ounce in New York yesterday and silver was up 30 cents to $14.64 per ounce. Gold has traded sideways in Asian and early European trading and is trading at $807.50/808.00 per ounce at 1200 GMT. Gold has increased slightly in pounds sterling and euros and at the London AM Fix gold was trading at £393.79 GBP (up from £392 at 1200 GMT yesterday ) and €549.15 EUR (up from €545 at 1200 GMT yesterday). < http://www.lbma.org.uk/statisti cs_current.htm Read full article... Read full article...
Tuesday, December 11, 2007
Gold Falls AHead of US Fed Interest Rate Cut / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES slipped back from an overnight high of $810.50 in early London trade, recording an AM Fix of $806.75 per ounce and then dropping to $804.50 as the US open approached.Read full article... Read full article...
Monday, December 10, 2007
Gold to Take Cue From US Fed Interest Rate Decision / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $6.90 to $794.40 per ounce in New York on Friday and silver was down 10 cents to $14.34 per ounce. Gold has rallied in Asian and early European trading and is trading at $801.50/802.00 per ounce at 1200 GMT. Gold has traded sideways in pounds sterling and euro to £392 GBP (down from £394 at 1200 GMT Friday) and €545 EUR (down from €547 at 1200 GMT Friday).
Last week gold was up 1.5% and silver was up 2.6%.
Read full article... Read full article...
Monday, December 10, 2007
Gold Rises 0.7% Early Monday as Oil Slips & Banking Stocks Rally Despite UBS Profit Warning / Commodities / Gold & Silver
By: Adrian_Ash
Fed Set to Cut US Interest Rates Even as Global Inflation Surges - GOLD PRICES rose throughout the Asian session on Monday, starting the week in London just above $800 per ounce – a gain of 0.7% from Friday's US close – for physical metal delivered immediately.
Crude oil prices slipped 0.8%, meantime, while the US Dollar hit a four-week high vs. the Japanese Yen.
Read full article... Read full article...
Sunday, December 09, 2007
Gold and Silver Gearing Up for a Big Move / Commodities / Gold & Silver
By: Merv_Burak
Something tells me there is a big surprise ahead. How big, which way and when, well that's what makes life interesting.
GOLD : LONG TERM - The long term usually changes very slowly so there is no use posting a long term chart each week. From the long term stand point nothing has changed from last week, or the week before. To summarize, the long term P&F chart is still bullish. Gold price is still well above its positive sloping moving average line. The long term momentum indicator is also still in its positive zone but giving us some warnings of the under performance of the strength in recent price action. All in all, the long term is still rated as BULLISH .
Read full article... Read full article...
Sunday, December 09, 2007
Gold and Silver Analysis - Consolidation in Gold and Silver / Commodities / Gold & Silver
By: Joe_Nicholson
“This update has been writing for weeks that it would be relative weakness in Europe that would cause exchange rates to tip in the other direction. With the Fed closer to the end of its accommodations than the stubborn hold outs in London and at the ECB, holders of those currencies have wisely begun to suspect the ride up, for now at least, is ending. In all likelihood, the Fed will probably look to keep the cut light and favor further open market activities including a possible change in the discount rate while Treasury and other government entities come to the aid of the ailing housing market that's the real source of the problem. In the meantime, it's possible gold and silver will continue to face headwinds and lose their panic premium as investors put money back to work in financials and other stocks.” ~ Precious Points: Fairweather Friends, November 25, 2007Read full article... Read full article...
Saturday, December 08, 2007
Gold Pushed Higher by Carry Trade and Capital Market Tsunamis / Commodities / Gold & Silver
By: Julian_DW_Phillips
The gold price has not only been reacting to the absolute levels of the oil price and the fall of the $, but to the instability, uncertainty and downright fear in the Capital markets and the banking system. Two reasons why there is such a drama has been the activities of the "Carry Trade" and the resultant Capital Tsunamis, or even the complete lack of available capital [much as the shoreline pulls right back before the Tsunami hits].Read full article... Read full article...
Saturday, December 08, 2007
Gold in Large Coil Pattern Suggests Powerful Thrust To the Upside / Commodities / Gold & Silver
By: Mike_Paulenoff
No, I have not taken gold and the streetTRACKS Gold Shares (NYSE: GLD) off my radar screen, but I have to tell you that I do not have a high-confidence directional call right here. The pattern carved out in the GLD off its 11/08 high has taken the form of a large coil that exhibits a series of lower-highs juxtaposed against higher lows. Unless or until the GLD breaks key coil support at 77.00-76.80, my work argues that the overall pattern is bullish, and will resolve itself in a powerful thrust to the upside to new high territory in the vicinity of 85.00.Read full article... Read full article...
Friday, December 07, 2007
Gold and Oil Rally Higher on Inflation Hedge / Commodities / Gold & Silver
By: Mike_Clark
GoldGold was up $4.10 to $801.30 per ounce in New York yesterday and silver was up 14 cents to $14.44 per ounce. Gold has drifted sideways in Asian and early European trading and is trading at $801.50/802.00 per ounce at 1200 GMT. Gold was also up in pounds sterling and euro to £394 GBP (up from £389) and €547 EUR (up from €541).
Read full article... Read full article...
Friday, December 07, 2007
Gold Prices Volatile Ahead of Jobs Data; Gold Miners Hit Trouble Closing Hedge Books / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES flipped around the $800 mark early Friday in London , approaching the US open almost 2% above yesterday's start as key US jobs data loomed.
"Volatility, volatility, volatility," writes Wolfgang Wrzesniok-Rossbach in the latest Precious Metals Weekly from Heraeus.
Read full article... Read full article...
Friday, December 07, 2007
Soaring Inflation Means the Bull Market In Gold and Commodities Has Further to Run / Commodities / Gold & Silver
By: Aden_Forecast
Huge moves have been taking place this year (see Chart 1 ). It's a big deal but, with the exception of oil, not many people are paying attention. In fact, it seems like most people don't really care, and that's good for us.
At the New Orleans Investment conference in October, for example, attendance was lower than last year. Several of the speakers also commented on a general lack of enthusiasm.
Read full article... Read full article...
Thursday, December 06, 2007
Russian Government and Investors Aggressively Buying Stakes in the Gold Industry / Commodities / Gold & Silver
By: Gold_Investments
Gold Gold was down $3.90 to $797.20 per ounce in New York yesterday but silver was up 3 cents to $14.30 per ounce. Gold has drifted downwards in Asian and early European trading and is trading at $786.50/787.00 per ounce at 1200 GMT. Gold also fell in pounds sterling and euro to £389 GBP (down from £394) and €541 EUR (down from €546).
The dollar strengthened to a monthly high against the euro and oil fell sharply to below $87 a barrel and this and technical selling is leading to gold's sell off. The recent lows at $775 per ounce should provide support and there could be range trading consolidation between $775 and $845 prior to a likely challenge of the record 1980 high in the coming weeks.
Read full article... Read full article...
Thursday, December 06, 2007
Gold Slides as Oil & Bonds Fall, Stocks Rally Ahead of Bush's 'Hope Now' Rescue for US Subprime Market / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to slide early Thursday, falling more than 1% from Wednesday's New York close to trade at $786 per ounce by the time the Bank of England made the first cut to Pound Sterling interest rates in two years at midday in London .Read full article... Read full article...
Wednesday, December 05, 2007
Why One Ounce of Gold (or Silver or Platinum) Can Cost More, or Less, Than Another… / Commodities / Gold & Silver
By: Mike_Clark
Have you ever noticed that two bullion coins which contain the exact same amount of the same precious metal, can sometimes sell for a different price?
For example, at the time of this writing, the spot price of gold is $787.50 per ounce. Yet, numerous dealers quote a selling price of $830.80 for the one-ounce American Gold Eagle, $826.90 for the one-ounce Canadian Gold Maple Leaf, and $819.00 for the one-ounce South African Gold Krugerrand.
Read full article... Read full article...
Wednesday, December 05, 2007
Gold Trades Above $800; Commodity Bull Market "Still in Early Stages" / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held above $800 per ounce early Wednesday even as the US Dollar rose on the world's currency markets, while crude oil broke back above $90 per barrel after the Opec oil cartel agreed in Abu Dhabi to keep output quotas unchanged.
The resulting 2% jump in oil prices "spurred late buy-backs in gold" in Tokyo, according to Tatsuo Kageyama at Kanetsu Asset Management, helping the Gold Price on Tocom futures for delivery in Oct. '08 to gain 2% as well.
Read full article... Read full article...
Wednesday, December 05, 2007
Dow Jones Loses Global Purchasing Power Due to Dollar Devaluation / Commodities / Gold & Silver
By: Ned_W_Schmidt
The business media keeps telling investors to remain faithful. Paper equities, despite their continuing under performance, are they claim the place to put your wealth. A broken clock is right twice a day, and that seems to beat the record of most of gurus appearing in the business media. We are repeatedly told that the market is just shy of a high, making a high, or consolidating gains. What is important though is not the level of market or the price of an investment.Read full article... Read full article...
Tuesday, December 04, 2007
Gold Continues to Consolidate Rally From Late August / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was up $5.10 to $788.20 per ounce in New York yesterday and silver was up 9 cents to $14.07 per ounce. Gold rallied after the close in the New York Access Market and subsequently was flat in Asia before rallying again in trading in London to $794 per ounce at 1200 GMT.
Gold is trading at £384 GBP (up from £379) and €539 EUR (up from €534).
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Tuesday, December 04, 2007
Gold Recovers Overnight Dip as Euro Jumps on Rising Inflation; Subprime Home-Loan Bonds Downgraded / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES recovered an overnight dip by lunchtime in London on Tuesday, trading above $795 per ounce as European stock markets stood 1% lower for the day.US bond prices held near recent highs while the Euro rose on the currency markets, gaining almost one cent from last night's two-week lows to the Dollar.
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Monday, December 03, 2007
Gold and Oil Fall as Pressure Builds for European Interest Rate Cuts / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET slipped back from an overnight spike early Monday to hit $778 per ounce – a two-week low – just before the US open.
Asian stock markets were little changed, while European bourses began the week lower. Wall Street futures pointed down, capping their four-day rally, and crude oil futures dropped almost a dollar to trade at a one-month low beneath $88 per barrel.
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Monday, December 03, 2007
Silver Building Up to Resume Uptrend / Commodities / Gold & Silver
By: Clive_Maund
There are various general points set out in the Gold Market update, relating to the dollar, that are equally applicable to silver, so this Silver Market update will only focus on the detail differences particular to Silver.Read full article... Read full article...
Monday, December 03, 2007
US Dollar Rally to Fail Before USD 80, Gold Correcting First Phase of a Major Up / Commodities / Gold & Silver
By: Clive_Maund
Some readers may have seen a trades list produced by Goldman Sachs recommending that investors short gold next year. This report has been allocated to the circular filing along with the government inflation statistics.
With the dollar rally predicted on www.clivemaund.com early on Thursday getting underway immediately afterwards, the question is how far this rally will carry, and how much further gold and silver will react as a result.
Monday, December 03, 2007
Gold Short-term Uncertainty But Long-term Bullish / Commodities / Gold & Silver
By: Merv_Burak
Well, Friday was five in a row. We had two previous five in a row down days this year. One was followed by a reasonable rally while the other was followed by a lateral move which then morphed into the Aug to Nov rally. Is there a rally ahead?Read full article... Read full article...
Sunday, December 02, 2007
Gold and Silver Analysis - Fairweather Friends / Commodities / Gold & Silver
By: Joe_Nicholson
“ With each passing week, the pressure on the Fed threatens to bubble over, and it's becoming more and more likely the FOMC will again find itself in a position where it's obliged to cut rates or risk a huge selloff in equities markets. Silver may be the first tell for the direction of the next move. $13.50 continues to look like solid support, if we get there, and with what looks like a five-wave move down off the recent highs, silver will some work to do to avoid slipping lower before attempting new highs. Gold… having penetrated the $750-775 support area mentioned in the TTC forums, it's possible the near term bottom is in here, but… making that bet is not a high risk/reward proposition.” ~ Precious Points: Bullion Bouillabaisse, November 17, 2007Read full article... Read full article...
Saturday, December 01, 2007
Golds Friday Sharp Fall - A Conspiracy Theory? / Commodities / Gold & Silver
By: Adrian_Ash
"... Trying to ride this bull market in gold often feels like trying to get your heaviest friend home after way too much beer..."
THE GOLD PRICE just closed out November '07 at an average of $806.25 per ounce, a new record high – and the third record month on the run.
Not that you'd know that from reading the newswires this weekend, however. And fair's fair.
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Friday, November 30, 2007
Gold Holding Pattern - Economy-Wide Crunch" Now Looming in Europe / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET slipped from a small overnight bounce early in London on Friday, recording an AM Fix that was 5% below Monday's start as world equity markets rose on the promise of fresh interest-rate cuts from the US Fed.
Looking at the latest data on Gold Market futures – where the front-month contract is now trading $50 below its near-record top of Nov. 8th – "the net long Comex position declined by 12.4% in the two weeks" to Nov. 20th, note the team at Mitsui.
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Friday, November 30, 2007
Gold in Potential Double Top Pattern / Commodities / Gold & Silver
By: Mike_Paulenoff
Under the circumstances, I thought the equity market handled "the day after" in relatively strong fashion. I leave you this evening with an updated look at the GLD, which closed in precarious technical condition...Read full article... Read full article...
Thursday, November 29, 2007
Gold Gives Back Overnight Gains Ahead of Key US Data, Bernanke Speech; Oil Jumps 4% on Cut to US Supplies / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back an overnight bounce to $808 per ounce as the New York opening drew near on Thursday, trading just below last night's close at $802.50.
Oil prices surged more than 4% after an explosion in Canada cut one-fifth of the United States ' daily crude imports. US stock futures pointed lower.
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Thursday, November 29, 2007
Gold and Silver Strong Bull Market Intact - HUI Bullish Signals / Commodities / Gold & Silver
By: Peter_Degraaf
The pull-back we are seeing in gold and silver is nothing more than some high-volume backing and filling, within the major uptrend. The annual Christmas rally which started in August has a lot of life in it yet.
The sub-prime mortgage debacle is nowhere near solved, and we can count on the central banks to do what they do with every problem they run into: print more money.
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Wednesday, November 28, 2007
Gold $800 - A New Generation / Commodities / Gold & Silver
By: David_Vaughn
Will 800 become the ceiling or preferably the new floor?
Short term I don't know, but I am excited watching so much positive strength in this market. The crap is hitting the fan and gold is responding appropriately and properly. My personal opinion is that 800 may just become a floor price for gold. But who am I to know?
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Wednesday, November 28, 2007
Gold Falls in Unision with Crude Oil / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $12.50 to $813.80 per ounce in New York yesterday and silver was down 35 cents to $14.46 per ounce. Gold has continued to sell off in Asia and European trading and is at $797.50 per ounce at 1200 GMT. Gold remains near record highs in euro, British pounds and other currencies and is trading at £387 GBP (up from £401 on Monday) and €541 EUR (from €561 on Monday).
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Wednesday, November 28, 2007
Gold Bounces from 5% Loss as Dollar Gains, Eurozone Bonds Fall on Inflation Shocker / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES continued to plunge early Wednesday, bouncing off $792.50 as the Asian session ended – more than $43 per ounce (5.1%) below Monday's two-week top.
After the first hour of London trade, the Gold Price stood nearly 7% below the 27-year high of $845 hit on Nov. 7th. The sell-off following that attempt on gold's all-time peak – recorded back in Jan. 1980 at $850 – was both sharper and more severe than this week's drop so far.
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Tuesday, November 27, 2007
Gold Dives 2.2% from Monday's Top as Dollar Bounces / Commodities / Gold & Silver
By: Adrian_Ash
Indian Gold Prices Near All-Time High; Chinese Demand Rises 24% in Q3
SPOT GOLD PRICES dived in the first-half of London trade on Tuesday, recording an AM Fix of $823.25 per ounce, some 1.4% below Monday's morning fix.
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Monday, November 26, 2007
Precious Metals Bull Market - Why Silver Is About To Take Over For Gold / Commodities / Gold & Silver
By: Captain_Hook
The US Dollar ($) is losing its global reserve currency status, and the rate at which this is occurring is accelerating in direct proportion to easy money policy of the Fed. As with the $'s reaction to the Fed's policy decision, any further administered rate cuts will be met with an accelerating decline in the $, along with unfavorable and opposite reactions in market rates. This is why gold was able to slice through $800 easily Friday, because the commercial shorts (banks) are the same people who are exposed to trillions of Structured Investment Vehicles (SIV's), Collateralized Debt Obligations (CDO's), and various other forms of toxic waste; and they are discovering a direct bailout may not be forthcoming. This in turn cranks up the need for even easier money policies of course, which is why neither gold nor the $ ever correct much on trend, and is a condition that will be with us for some time considering the banks have only come clean with approximately 5-percent of their true exposures to toxic debt. This is why gold could vault to $1,000 and beyond by Christmas. Read full article... Read full article...
Monday, November 26, 2007
Gold Surges in European Trading to $835 / Commodities / Gold & Silver
By: Gold_Investments
GoldGold surged $26.90 to $824.60 per ounce in New York on Friday and silver was up 35 cents to $14.74 per ounce. Gold's safe haven qualities were again in evidence and gold was up nearly 5% for the week. Gold has since moved upwards in Asia and European trading and is at $835.50 per ounce at 1200 GMT. Gold also surged in euro, British pounds and other currencies and is trading near new record all time highs in pounds and euro at £403 GBP (up from £387 on Thursday) and €561 EUR (up from €541 on Thursday).
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Monday, November 26, 2007
Gold Breaks New Record Highs vs. Sterling and Aussie Dollar as Bear Market Looms for Global Stock Markets / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES leapt in early trade Monday, gaining nearly 0.9% in the first hour of London trade to reach an 11-session high of $836 per ounce.
For British investors, Gold Priced in Pounds Sterling broke a new all-time record high above £404 per ounce, gaining 6.9% from its three-week low of midnight last Monday.
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Sunday, November 25, 2007
Gold Long-term Bull Market Uptrend Remains Intact / Commodities / Gold & Silver
By: Merv_Burak
It was a shortened week but still a good one. A bounce off the intermediate term moving average line places gold in a good position to continue the rally.
GOLD : LONG TERM
The rally since August had reached the initial projection of $840 a few weeks ago and the new target is now $915. After reaching that initial projection gold reacted lower for a couple of weeks but bounced back to the up side this past week. As seen on the intermediate term chart, gold bounced off its intermediate term moving average line, still far above its long term line. Although the long term P&F chart has reversed its plotting direction it is still far away from reversing its bullish trend.
Friday, November 23, 2007
Rush to Gold as Global Banking Crisis Unfolds / Commodities / Gold & Silver
By: Julian_DW_Phillips
This week saw the $ cross the $1.48 line to the € heading for $1.50 after the U.S. markets closed for Thanksgiving. It then bounced after the London market had opened on Friday. We do expect a bounce, but not for long as a secondary phase of the crisis comes into play. What crisis, you may well ask? It is the sub-prime crisis/credit crunch/$ crisis as it spreads into the global economy [as well as inside the U.S. of A.]Read full article... Read full article...
Friday, November 23, 2007
Gold Peaked, Euro Peaking, Dollar Rallying / Commodities / Gold & Silver
By: Mike_Paulenoff
Not only does my work tell me that the GLD (Gold ETF) has peaked, it also is telling me the Euro may have hit a signficant high, and is ripe for a significant downside correction, which will pressure the gold as well...Today's conspicuous test of 150.00 is followed by what so far represents a key downside reversal amidst very significant momentum failures to confirm new highs since the 1.4600 area. Caution is the watch-word for the euro vs dollar now, which should impact gold prices negatively in the days ahead.Read full article... Read full article...
Friday, November 23, 2007
Gold Drops 1% from Sudden Spike as US Dollar Bounces from New Record Lows / Commodities / Gold & Silver
By: Adrian_Ash
STRONG BUYING late in the late Asian session on Friday drove Gold Prices to a series of one-week highs as the US Dollar sank to new all-time lows vs. the Euro before suddenly putting in its fastest rally in a month.Read full article... Read full article...
Friday, November 23, 2007
Will the Gold Bull Market Deflate? / Commodities / Gold & Silver
By: Alex_Wallenwein
Of course not. Ever tried deflating a balloon that hasn't been blown up yet? Kind of hard to do, isn't it?
When we think and talk about things, we often unknowingly accept and attach misleading labels to them, without giving it any thought at all. It's sort of a "garbage in, garbage out" principle. We accept a label others have unthinkingly given a subject, and then we run with it, which means by necessity that we are misapplying it.
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Thursday, November 22, 2007
Poor, Poor Investors & Analysts Who Have Blinders On To Real Inflation Adjusted Returns / Commodities / Gold & Silver
By: Investmentscore.com
As an investment, we do not favor gold and silver over US stocks or US stocks over gold and silver, but rather we believe that all investments are cyclical and that recognizing and investing in the long term trend is the key. However, in our opinion bypassing the distorting effects of inflation for a clearer perspective of the markets real performance is the secret.Read full article... Read full article...
Thursday, November 22, 2007
Gold Holds Steady as Base Metals Plunge & Oil Slips on Paulson's US Home-Loan Default Warning / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES traded in a $4 range around $803 an ounce in London Thursday morning, as global stock markets struggled to end three weeks of losses and crude oil slipped further away from $100 per barrel.
Ahead of the long holiday weekend in the US – starting with today's New York shutdown for Thanksgiving – equity markets in Asia lost another 0.6% on average today, led down by a 2.3% loss in Hong Kong .
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Wednesday, November 21, 2007
Gold Dumps $12 Per Ounce After 4.5% Surge as Dollar Hits Crisis; Change in Oil's Currency Regime Now "Inevitable" / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD MARKET dumped more than $12 an ounce in London on Wednesday morning after peaking at $807.45 late in the Asian session – nearly 4.5% above Tuesday's low.
This wild volatility hit Gold Prices as world stock markets plunged, the US Dollar sank to new all-time lows, and crude oil came within 71¢ of $100 per barrel.
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Wednesday, November 21, 2007
Gold in Second Gear - US Fed Out of Gas! / Commodities / Gold & Silver
By: Alex_Wallenwein
As observed in August , gold has broken out of its first gear and ratcheted into second gear back in early 2006, not long before its top for that year. Although it broke down in May of '06, it has steadfastly remained atop its then-established bottom trendline, which was the upper limit of the bull market's "first gear" stage.
When the August "Gold Uptrend" article was published, this second gear was merely a possibility, based on the latter observation (i.e., that it never dipped significantly below its former uptrend ceiling. The recent top near $850/oz last Friday has now confirmed that formerly theoretical second gear stage as a valid second trend channel piggybacking right on top of the first gear stage.
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Wednesday, November 21, 2007
GOLD THOUGHTS - Gold is in a Structural Bull Market - Buy On Corrections / Commodities / Gold & Silver
By: Ned_W_Schmidt
So, OPEC finally figured out what the western world has been doing to them. Oil producers have been swapping oil for green pieces of paper. Suddenly, they discovered the intrinsic value of those green pieces of paper, the market value of the paper and ink. Only governments can take paper, cover it with ink, and make it worthless.Read full article... Read full article...
Tuesday, November 20, 2007
Gold Price Experiencing Extreme Volatility / Commodities / Gold & Silver
By: David_Vaughn
Gold is showing extreme volatility now and consolidating after its tremendous gains of the past month.
I have told not to be too bullish and I feel I am about as balanced as I can be. Of course short term I never attempt to speculate. But long term I see a great deal of volatility. And short term I see a great deal of volatility. Already we are observing price movements of 25 dollars and more in a single 24 hour period.
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Tuesday, November 20, 2007
Gold Continues to Tumble Despite US Dollar Weakness / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $8.90 to $776.50 per ounce in New York yesterday and silver was down 31 cents to $14.12 per ounce. Gold has since moved upwards in Asia and European trading and is at $790.10 per ounce at 1130 GMT. It has thus recovered much of the ground lost yesterday. Gold is trading at £382 GBP (from £387 on Friday) and €534 EUR (down from €541 on Friday).
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Tuesday, November 20, 2007
Gold Rallies Hard as Euro Hits New Record High Ahead of Fed Minutes; Oil Drifts Lower, Global Stock Markets Bounce / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES leapt 2.2% from a new four-week low in Asian and early London trade on Tuesday, breaking above last week's close to hit $789.65 by the Morning Fix.
"Gold broke down through the [three-month] uptrend line at $785 yesterday and fell to a low of $773 overnight," notes today's Gold Market report from Mitsui Precious Metals in London .
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Monday, November 19, 2007
Gold Comes Under Selling Pressure / Commodities / Gold & Silver
By: Mike_Paulenoff
Gold prices and the GLD are under pressure again today. Let's notice that the GLD has violated Thursday's reaction low at 77.30, which triggered new selling pressure that points next to 76.00 -- on the way to my optimal target zone of 74.00. At this juncture, only a rally that hurdles and sustains above 79.00 will neutralize my still-bearish outlook.Read full article... Read full article...
Monday, November 19, 2007
Silver Bull Market Blow Off Forecast for 2008 / Commodities / Gold & Silver
By: Roland_Watson
Bulls climb a wall of worry and bears slide down the slope of hope. So go two well-known investment proverbs. The first one could apply to gold and silver investors.
As silver and gold break out into new highs, we begin to hear the calls for an end of the precious metals bull market. This may come in articles, which state that the US Dollar plunge is now over or perhaps high prices have finally unleashed new supply onto the markets. I even read one article that stated that though gold had advanced over one hundred dollars above its last major high of $730 back in May 2006, it was STILL in a correction phase. Come on guys, a bit of common sense would not go amiss here, in my book gold breaking $100 above old highs is not a correction, it's a bull market!
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Monday, November 19, 2007
Gold Gives Back Early Gains as Dollar & Yen Rally; Oil Rises Again After US Treasury-Bond Yields Turn Negative / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES gave back most of an early $6 rally on Monday morning, trading below $788 per ounce by midday in London after losing 5.7% last week – the biggest one-week decline since March.Read full article... Read full article...
Sunday, November 18, 2007
Gold Short-term Uncertainty, Long-term Bullish - Technically Precious with Merv / Commodities / Gold & Silver
By: Merv_Burak
A double whammy and some minor moves and gold is down 5.6% on the week. Is this just the start or near the end -- who knows?
GOLD : LONG TERM
One week does nothing from the long term term perspective. The indicators change very slowly so one week is but a blip. The P&F chart has reversed direction but is a long way from any change in trend. The momentum and volume indicators are well in the positive zones and the moving average is still pointing upwards. All is still well and the long term rating remains BULLISH .
Sunday, November 18, 2007
Gold and Silver Analysis - Is the Fed All Talk? / Commodities / Gold & Silver
By: Joe_Nicholson
“The power of the Fed to literally change the game… cannot be ignored. Anti-gold forces now stand as ready as ever to force a consolidation in precious metals. There's also a rising probability that the dollar will at last see at least a relief rally, which could have metals trading weaker … so, the game plan continues to be resisting the temptation to short without confirmation and using the 5-week sma in gold and the 5-day sma in silver to signal a major reversal. Curiously, a 38.2% Fibonacci retrace of the move off the summer '06 lows in gold would bring us back to the May '06 highs.” ~ Precious Points: Judgments Affirmed! November 11, 2007Read full article... Read full article...
Saturday, November 17, 2007
What is the Real Price of Gold and Whose Buying? / Commodities / Gold & Silver
By: Julian_DW_Phillips
It's become a knee-jerk reaction to look at the gold price in the U.S. $ and to comment on its moves in that currency. And there is good reason to do so, for the U.S.$ is the global reserve currency at present even if it is beginning to look of dubious value. Why don't we measure it in a strong currency such as the Euro? Although that is an ‘up and coming' reserve currency, it has not taken a sufficient hold of the world's monetary system to be accepted as the U.S. $'s equal.Read full article... Read full article...
Friday, November 16, 2007
Invest in Gold ETF To Gain Gold Price Exposure / Commodities / Gold & Silver
By: Zeal_LLC
Three years ago on November 18th a landmark event polarized the gold world. The first gold exchange-traded fund to trade in the United States , the StreetTracks Gold Shares, was launched. Although born in controversy, even GLD's original detractors cannot argue with this ETF's stunning success since.
Nearing its third birthday, GLD just reported massive holdings of 19.3m ounces of gold held in trust for its investors. When your gold holdings get this large though, you don't even measure them in ounces anymore. Instead you switch to metric tonnes. This week, GLD reported nearly 600 tonnes of physical gold bullion under management for American investors. This is a staggering amount of gold.
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Friday, November 16, 2007
Gold Short-term Tedhnical Damage / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was down $26.70 to $785.70 per ounce in New York yesterday and silver was down 57 cents to $14.42 per ounce. Gold has since traded sideways in Asia and European trading and is at $790.10 per ounce at 1200 GMT. Tentative dollar strength and oil weakness may have contributed to the sell off. Gold was also down in GBP and EUR but not by as much. It is trading at £387 GBP (from £392.80) and €541 EUR (down from €549.80).
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Friday, November 16, 2007
Gold Holds in $5 Range as Yen Rises Again; Link with Oil Prices Weakening; Gold Mining Output Falling "Much Faster" than Expected / Commodities / Gold & Silver
By: Adrian_Ash
SPOT GOLD PRICES held steady in a $5 range early Friday, rising above $790 per ounce by the Morning Fix in London but standing more than 5% below their level of this time last week.
"After yesterday's sell-off, the Gold Market will be watching closely for the next move," said Standard Bank's gold note from Johannesburg earlier.
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Thursday, November 15, 2007
Robust Global Gold Demand - Rising by 19% in Third Quarter / Commodities / Gold & Silver
By: Gold_Investments
GoldGold was up $15.40 to $812.40 per ounce in New York yesterday and silver was up 44 cents to $14.99 per ounce. It traded sideways in Asia and has sold off in European trading and is at $803.50 per ounce at 1200 GMT. Gold is flat in GBP and EUR. It is trading at £392.90 GBP (from £393) and €549.80 EUR (down from €550).
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Thursday, November 15, 2007
Gold Gives Back Overnight Rally as British Pound Slumps, Bonds Rise & Stock Markets Slide on Fresh Economic Worries / Commodities / Gold & Silver
By: Adrian_Ash
THE SPOT GOLD PRICE failed to hold onto its overnight gains early on Thursday, dropping back to bounce off $802 per ounce after recording an AM Fix in London of $806.Read full article... Read full article...
Thursday, November 15, 2007
Hinde Gold Hedge Fund Funds Overly Complicates Investing in Gold to Profit From Management Fees / Commodities / Gold & Silver
By: Adrian_Ash
"...If you need to chase 25% gains each year to get a good night's sleep, then the City of London's got just the 'structured' gold fund you might be looking for..."
WHY MAKE SOMETHING SIMPLE when you can make it complex?
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